The rating does not provide complete guidance on other aspects essential for investment decisions, such as market liquidity or price volatility. Accordingly, as we are all aware, bonds with the same rating may have very different market prices.
Despite this fact, and even though each rating agency has its own rating methodologies and scales, market participants have often treated similarly rated securities as generally the same. Our job is also to underline the responsibility of the investors in estimating the risk exposure of the debt issue.