You are the Executive VP for International Sales at ABC Company, Chicago. You have just arrived AAA, the capital of country BBB, to sign the agreement for your company to sell 500 million in capial equipment to their Ministry of Infrastructure. It has taken your company over 4 years to reach this point, having competed successfully against French, Chinese, German, and Japanese competition. At the celebration dinner the night before the contract signing, the Vice Minister pull you aside and suggests that in order to facilitate the smooth signing of this contract it will be necessary for you to deposit 10 milliion in a certain Swiss bank account.
redit rating is the estimates for the organisati on how they fulfill their financial comitments. Crdit rating is generally based on the previous performance
Here we have been provided that company have just arrived AAA, the capital of country BBB, to sign the agreement for your company to sell 500 million in capital equipment to their Ministry of Infrastructure so AAA and BBB is considered as high credit of the company in the market and performance of the company is considered on or above the slandered.
Followings are various credit rating example
It goes as follows, from excellent to poor:
AAA, AA (high), AA, AA (low),
A (high), A, A (low),
BBB (high), BBB, BBB (low),
BB (high), BB, BB (low), B (high),
B, B (low), CCC (high),
CCC
, CCC (low), CC (high), CC, CC (low), C (high), C, C (low) and D
In the question we have already given that company have arrived AAA, the capital of country BBB, to sign the agreement for your company to sell 500 million so company had already achieve success and it can in the future and three is no need to deposit 10 million in a certain Swiss bank account
So given statement by Vice Minister in order to facilitate the smooth signing of this contract it will be necessary for you to deposit 10 million in a certain Swiss bank account.
