tobeornottobe

soddy1979 Wrote:
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> It's not. Credit spread risk is the risk of all
> corporate spreads increasing (not just the bond
> you are analysing). It's a risk associated with
> the asset class as opposed to just one security.

Thank you! Not pertaining to the exam;

Credit speard risk would has to do with overall interest rates, or expectation, or shift of habitats... What if analysts and investors began to shun a specific security without the official downgrade from moodys or sp, would we call that downgrade risk?