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Basic Question 9 of 16
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?
B. BB
C. BBB-
A. B+
B. BB
C. BBB-
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the seniority rankings of debt, secured versus unsecured debt and the priority of claims in bankruptcy, and their impact on credit ratings
CFA® 2025 Level I Curriculum, Volume 4, Module 16.