Choosing a Target Debt Rating Explain why a target senior debt rating of single-

Choosing a Target Debt Rating
Explain why a target senior debt rating of single-A is a prudent objective when there is only a very limited new issue market for non-investment-grade debt, and when investor willingness to purchase triple-B-rated debt is likely to be highly sensitive to the state of the economy.  Use examples and relate it to the current economic conditions. .
https://hbr.org/1982/07/how-much-debt-is-right-for-your-company  
Give examples and justify your answer.   
*** MInimum 300 words*** Unplagiarized

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