MicroStrategy Pursues Credit Ratings for Preferred Equity Issuance
Michael Saylor’s firm is seeking credit ratings for its preferred equity, a move that could expand financing options and attract broader market participation.
Summary
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Terms & Concepts
- Preferred Equity: A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with fixed dividends.
- Credit Rating: An assessment of the creditworthiness of a borrower or specific debt instrument, issued by rating agencies to indicate default risk.