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Basic Question 7 of 16
The issuer credit rating usually applies to its ______.
B. senior unsecured debt
C. junior secured debt
A. senior secured debt
B. senior unsecured debt
C. junior secured debt
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Your review questions and global ranking system were so helpful.
Lina
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.