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Basic Question 0 of 6
The issuer rating (base = 0) used by a credit rating agency is typically the issuer's ______ debt.
B. senior unsecured
C. subordinated
A. senior secured
B. senior unsecured
C. subordinated
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Craig Baugh
Learning Outcome Statements
explain credit scores and credit ratings;
calculate the expected return on a bond given transition in its credit rating;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.