The entity that promises to make the interest and maturity payments for a bond issue is called the issuer.
Step-by-step explanation:
The probability of a bond issue that is going into default can be identified with the bond ratings.
A bond is a contract made between two parties. The bonds are generally issued by the companies and governments. The bonds are issued to borrow large amounts of money. Investors buy the bonds and pay money to the issuer.
An issuer is a person who registers or sells the bonds legally to meet their finances. Government, corporation, investment trusts are some of the bond issuers.