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LOS j: Contrast the credit analysis required for corporate bonds to that required for 1) asset-backed securities, 2) municipal securities, and 3) sovereign debt.
Q1. The assessment of which of the following types of debt require that the analyst use only qualitative factors, only quantitative factors or both qualitative and quantitative factors?
A) Corporate bonds - both; sovereign debt - both; municipal debt - both.
B) Corporate bonds - both; sovereign debt - both; municipal debt - quantitative.
C) Corporate bonds - both; sovereign debt - qualitative; municipal debt - quantitative.
Q2. An evaluation of the quality of the servicer is a key consideration for which type of credit?
A) Asset-backed securities.
B) Municipal bonds.
C) Corporate bonds.
Q3. A very similar analysis is required for which two types of debt?
A) Sovereign debt and corporate bonds.
B) Corporate bonds and asset-backed securities.
C) Municipal bonds and sovereign debt.
Q4. Which of the following is least likely a factor used in assessing the credit quality of a national government's local currency debt?
A) Balance of payments and structure of the external balance sheet.
B) Income and economic structure.
C) Monetary policy and inflation pressures.
Q5. An analysis of the credit quality of the collateral is most important in assessing the creditworthiness of:
A) an asset-backed securities issue.
B) a sovereign bond issue.
C) a corporate bond issue. | 
发表于 2009-3-16 17:29
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