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Basic Question 2 of 3
Standard and Poor's issues a report that Altra X Inc.'s bonds have been added to the group of bonds to be analyzed for a possible ratings downgrade. This is an example of ______.
B. credit spread risk
C. downgrade risk
A. default risk
B. credit spread risk
C. downgrade risk
User Contributed Comments 3
| User | Comment |
|---|---|
| magicchip | And the outcome will depend on how "nicely" the S&P analyst was treat by the folks at Altra. Last I heard the analyst was on a pricy cruise ship spending some $$ at the casino tables. |
| thekid | Magicchip: funny, i heard the same. lol |
| rocyang | Don't you like that? :) |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the uses of ratings from credit rating agencies and their limitations
CFA® 2025 Level I Curriculum, Volume 4, Module 14.