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Basic Question 1 of 4
The issuer credit rating usually applies to its ______.
B. senior unsecured debt
C. junior secured debt
A. senior secured debt
B. senior unsecured debt
C. junior secured debt
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
compare and contrast corporate issuer credit ratings and issue credit ratings and describe the rating agency practice of "notching";
explain risks in relying on ratings from credit rating agencies;
CFA® 2024 Level I Curriculum, Volume 5, Module 47.