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Basic Question 13 of 16
Higher priority of claim means ______.
II. higher recovery rate
III. lower loss severity
I. lower probability of default
II. higher recovery rate
III. lower loss severity
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Your review questions and global ranking system were so helpful.
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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® 2024 Level I Curriculum, Volume 4, Module 16.