- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 16. Credit Analysis for Corporate Issuers
- Subject 3. Seniority Rankings, Recovery Rates, and Credit Ratings
CFA Practice Question
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
Correct Answer: B
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