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Seminar date: 2026-06-02 Course: BUSN79 - Degree Project in Accounting and Finance Authors: Filippa Johnson & André Malmberg Advisor / Examiner: Reda Moursli / Elias Bengtsson Five keywords: Dividend Smoothing, Credit Rating, Fallen Angel, Investment-Grade, Speculative-Grade. Purpose: The purpose of this paper is to investigate the relationship between dividend smoothing and credit ratings, m
