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Q.1. The following table gives the credit rating on senior un secured debt as of...

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Finance

Q.1. The following table gives the credit rating on senior un secured debt as of September-2020 of nine U.S. department stores rated by Moody's Investors Service. In descending order of credit quality, Moody's ratings are Aaa, Aa1, Aa2, Aa3, A1, A2, A3, Baa1, Baa2, Baa3, Ba1, Ba2, Ba3, B1, B2, B3, Caa, Ca and C: Senior Unsecured Debt Rating: U. S. Department Stores, September - 2020 C O M P A N Y C R E D I T R A T I N G

Dillard's Inc. Federated Department Stores, Inc. Kohl's Corporation May's Department Stores Company Neiman Marcus Group, Inc. Nordstrom, Inc. Penney JC, Company, Inc. Saks Incorporated Sears, Roebuck and Co.

Ba3 Baa1 A3 A2 Baa2 Baa1 Ba2 B1 Baa1

Using the above data, address the following concerning the senior unsecured debt of U. S. Department Stores: a) State and interpret the Model Credit Rating. b) State and interpret the Median Credit Rating.

Plz solve all parts.

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