Final answer:
MIG ratings are assigned to different types of bonds, including General Obligation Bond, Revenue bonds, Revenue anticipation bonds, and Double barreled bonds. The correct options are (a),(b) and (d)
Step-by-step explanation:
MIG ratings are assigned to different types of bonds such as General Obligation Bond, Revenue bonds, Revenue anticipation bonds, and Double barreled bonds.
For example, General Obligation Bonds are issued by state and local governments and are backed by the government's ability to tax its residents to make bond payments.
Revenue bonds, on the other hand, are backed by specific revenue sources such as tolls, fees, or lease payments.
Revenue anticipation bonds are issued by government agencies to finance short-term cash flow needs, and double barreled bonds have both a revenue source and the ability to tax as backup for repayment.