An institution that borrows on a non-prioritized basis would never contemplate borrowing on a prioritized basis. Doing so would undermine its standing in the bond market and suggest that it is not worthy of its strong credit rating. This type of self-imposed downgrade would materially affect its financial prospects.
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"An institution that borrows on a non-prioritized basis would never contemplate borrowing on a prioritized basis. Doing so would undermine its standing in the bond market and suggest that it is not worthy of its strong credit rating. This type of self-imposed downgrade would materially affect its financial prospects." — John Delaney #moneywealth
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An institution that borrows on a non-prioritized basis would never contemplate borrowing on a…
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An institution that borrows on a non-prioritized basis would never contemplate borrowing on a prioritized basis. Doing so would undermine its standing in the bond market and suggest that it is not worthy of its strong credit rating. This type of self-imposed downgrade would materially affect its financial prospects. — John Delaney
About John Delaney
John Delaney was a Politician from United States (1815–1887).
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Who said "An institution that borrows on a non-prioritized basis would never contemplate…"?
This quote is attributed to John Delaney, a Politician from United States.
When did John Delaney live?
John Delaney lived from 1815 – 1887.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.