CFA Practice Question

There are 252 practice questions for this study session.

CFA Practice Question

The issuer rating (base = 0) used by a credit rating agency is typically the issuer's ______ debt.

A. senior secured
B. senior unsecured
C. subordinated
Correct Answer: B

The ratings on other types of debt are notched up (e.g. +1 or 2) or down (e.g. -1 or 2) from the issuer rating.

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