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Basic Question 2 of 9
Which one provides a loan's default probability?
B. a credit rating.
C. neither A or B.
A. a credit score.
B. a credit rating.
C. neither A or B.
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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
explain credit scores and credit ratings;
calculate the expected return on a bond given transition in its credit rating;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.