Why do rating agencies such as sp fitch and moodys issue a, Finance Basics

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Why do rating agencies such as sp fitch and moodys issue a

Question: Explain please

Why do rating agencies such as S&P, Fitch and Moody's issue a different rating to the debt of a sovereign based on the debt being in local or foreign currency. Give a real example. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Why do rating agencies such as sp fitch and moodys issue a

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