CFA Practice Question

There are 252 practice questions for this study session.

CFA Practice Question

According to the one-year corporate transition matrix (exhibit 7 of the reading), the higher the credit rating, the more likely the issuer is to keep that credit rating. True or false?
Correct Answer: True

For example, from AAA to AA and A, the percentages are 90%, 88% and 87.5%, respectively.

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