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Basic Question 1 of 9
Even if an asset-backed security is guaranteed by an insurer, it is still subject to credit risk because ______
II. the loss can be higher than the insured amount.
III. the insurer can be downgraded.
IV. the issuer of the security can be downgraded.
I. the insurer can default.
II. the loss can be higher than the insured amount.
III. the insurer can be downgraded.
IV. the issuer of the security can be downgraded.
User Contributed Comments 4
| User | Comment |
|---|---|
| danlan2 | Where can I get this? |
| mazen1967 | from this los |
| rhardin | Read the notes. |
| philerup | Issuer of security is not relevant. |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe the qualitative and quantitative factors used to evaluate a corporate borrower's creditworthiness
CFA® 2025 Level I Curriculum, Volume 4, Module 16.