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Basic Question 9 of 16
Based on the practice of notching, a senior unsecured bond issued by a company with an issuer rating of BB would likely carry what rating?
B. BB
C. BBB-
A. B+
B. BB
C. BBB-
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Edward Liu
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.