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Basic Question 1 of 4

The issuer credit rating usually applies to its ______.

A. senior secured debt
B. senior unsecured debt
C. junior secured debt

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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu

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.