Given that a company’s issuer credit rating is BBB-, what is the rating for its subordinated bond?
　　A.        BBB
　　B.        BBB+
　　C.        BB
　　Solution: C
　　Within unsecured debt, there can also be finer gradations and seniority rankings. The highest-ranked unsecured debt is senior unsecured debt. It is the most common type of all corporate bonds outstanding. Other, lower-ranked debt includes subordinated debt and junior subordinated debt. Among the various creditor classes, these obligations have among the lowest priority of claims and frequently have little or no recovery in the event of default.
　　An issuer credit rating is meant to address an obligor's overall creditworthiness—its ability and willingness to make timely payments of interest and principal on its debt. The issuer credit rating usually applies to its senior unsecured debt.
　　高顿网校温馨提醒
　　各位考生，2015年12月CFA备考已经开始，为了方便各位考生能更加系统地掌握考试大纲的重点知识，帮助大家充分备考，体验实战，高顿网校开通了全免费的CFA题库（包括精题真题和全真模考系统），题库里附有详细的答案解析，学员可以通过多种题型加强练习，通过针对性地训练与模考，对学习过程进行全面总结。点击进入CFA免费题库>>>
 
CFA精品网课课程专业名称讲师试听


3455人正在学习该门课程

CFA全维度高清网课体验课程
全维度高清实景课堂与录影棚高清独立录制
针对CFA协会考纲，逐点精讲，帮助考生全面掌握CFA课程及考点

Anky
高顿名师


80%的人选择了该门课程

CFA任务制网课（全科）
学员可以灵活选择报读CFA课程
自主地掌握学习的进度
享受更多的学习优惠与增值服务

Remmy
高顿名师
精彩推荐：CFA招生专题

展开全文