- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 29. Credit Analysis Models
- Subject 5. Interpreting Changes in Credit Spreads
CFA Practice Question
The lower the recovery rate, the ______ the credit spread, and the ______ credit rating.
B. larger, higher
C. smaller, lower
A. larger, lower
B. larger, higher
C. smaller, lower
Correct Answer: A
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