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以下是引用youzizhang在2009-3-16 17:11:00的发言：
 

LOS g: Discuss the factors considered by rating agencies in rating asset-backed securities.

Q1. The most important issue for the credit analysis of an asset-backed security is:

A)   quality of the seller/servicer.

B)   quality of collateral.

C)   legal structure.

 

B

 

Q2. Which of the following is NOT a primary factor considered by rating agencies in rating asset-backed securities?

A)   Event risk.

B)   Legal structure

C)   Credit quality of the collateral.

 

A

 

Q3. Which of the following statements regarding factors considered by rating agencies in rating asset-backed securities is least accurate?

A)   A firm's credit rating must be less than or equal to its overall corporate rating.

B)   The borrower's equity in an asset that has been offered as collateral is the primary determinant of whether the borrower will default or sell the asset to pay off the loan.

C)   The servicer of the loan must be evaluated since the servicer is responsible for distributing proceeds to the bondholders, determining the interest rate for the period, and advancing payments when there are delinquencies.

 

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