CFA Practice Question

There are 266 practice questions for this study session.

CFA Practice Question

Based on the practice of notching, a senior unsecured bond issued by a company with an issuer rating of BB would likely carry what rating?

A. B+
B. BB
C. BBB-
Correct Answer: B

The issuer credit rating usually applies to its senior unsecured debt. No notching is necessary.

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