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Basic Question 8 of 16
Which statement is true?
B. In general, the lower the senior unsecured rating, the smaller the notching adjustment will be.
C. The senior unsecured rating and notching adjustment have no direct relationship.
A. In general, the higher the senior unsecured rating, the smaller the notching adjustment will be.
B. In general, the lower the senior unsecured rating, the smaller the notching adjustment will be.
C. The senior unsecured rating and notching adjustment have no direct relationship.
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Learning Outcome Statements
describe the seniority rankings of debt, secured versus unsecured debt and the priority of claims in bankruptcy, and their impact on credit ratings
CFA® 2025 Level I Curriculum, Volume 4, Module 16.