id author title date pages extension mime words sentence flesch summary cache txt news-004846 Going rate: How the cost of debt differs for private and public firms on the bond market | News | Notre Dame News | University of Notre Dame .html text/html 990 32 57 Specifically, private firms had an average rating that was 0.273 lower than public firms on a scale from 1 to 21, with 1 corresponding to an AAA rating and 21 to a D ranking. Brad Badertscher, an accountancy professor at the Mendoza College of Business, and his co-authors identified several mechanisms that drive up costs for private firms that raise capital via public debt, including assumptions related to downside risk without easy access to the equity market and whether private equity ownership influence is at play. cache/news-004846.html txt/news-004846.txt