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Basic Question 11 of 20
All of these factors are considered in assessing the ability of an issuer to pay except ______.
B. track record
C. regulatory environment
D. special event risk
A. industry trends
B. track record
C. regulatory environment
D. special event risk
User Contributed Comments 6
| User | Comment |
|---|---|
| anricus | Surely the track record of a company in payment of its liabilities in the past is considered? |
| ehc0791 | track record is character, not capacity. |
| Khadria | Right. the question is about CAPACITY . |
| JKiro | "character" ---> "quality" "capacity" ---> "ability" "covenant" -->"presence/abscence of -limitation-" |
| cong | past performance or track records falls under character. |
| erinelize | thanks, JKiro. |
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Learning Outcome Statements
describe credit risk and its components, probability of default and loss given default
CFA® 2024 Level I Curriculum, Volume 4, Module 14.