Magic Markets #3: Touch my junk(bonds)
The Finance Ghost and Mohammed Nalla discuss the role of ratings agencies in the market.
What do they do? Why do investors rely on them? What is a downgrade? Are there investors for junk bonds? How does South Africa elevate itself out of junk status?
This episode is sponsored by Gray Capital, combining the art of financial planning with the science of investing.
Brought to you by The Finance Ghost and Moe-Knows of Magic Markets