- CFA Exams
- CFA Level I Exam
- Study Session 15. Fixed Income (2)
- Reading 47. Fundamentals of Credit Analysis
- Subject 4. Credit Analysis
CFA Practice Question
All of these factors are considered in assessing the ability of an issuer to pay except ______.
B. track record
C. regulatory environment
D. special event risk
A. industry trends
B. track record
C. regulatory environment
D. special event risk
Correct Answer: B
User Contributed Comments 6
| User | Comment |
|---|---|
| anricus | Surely the track record of a company in payment of its liabilities in the past is considered? |
| ehc0791 | track record is character, not capacity. |
| Khadria | Right. the question is about CAPACITY . |
| JKiro | "character" ---> "quality" "capacity" ---> "ability" "covenant" -->"presence/abscence of -limitation-" |
| cong | past performance or track records falls under character. |
| erinelize | thanks, JKiro. |