Fixed-Income Securities: Defining Elements
Quick practice
Question 1 of 5
A firm with a corporate family rating (CFR) of A3/A- issues secured bonds. Covenants to these bonds include a limitation on liens and a change of control. If credit rating agencies notch this issue, its credit rating is most likely to be:
A
A2/A.
B
Baa1/BBB+.
C
Baa2/BBB.
D
NA
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