備考中CFA考試題是很重要的，備考CFA考試你考試題準(zhǔn)備的如何？是不是找到了一份優(yōu)質(zhì)的考試題呢？今天我們看看這些考試題是不是會(huì)做了呢？

1.  Based on the practice of notching by the ratingagencies, a subordinated bond from a company with an issuer rating of BB wouldlikely carry what rating?

B+

BB

BBB–

A is correct.

The subordinated bondwould have its rating notched lower than the company’s BB rating, probably bytwo notches, reflecting the higher weight given to loss severity forbelow-investment-grade credits.

2.  The process of moving credit ratings of differentissues up or down from the issuer rating in response to different paymentpriorities is best described as:

A.  notching.

B.   structural subordination.

C.    cross-default provisions.

A is correct.

Notching is the processfor moving ratings up or down relative to the issuer rating when ratingagencies consider secondary factors, such as priority of claims in the event ofa default and the potential loss severity.