Learning Module 14 of Fixed Income 11–14% of the exam
Credit Risk
3 lessons. About 0 minutes in cram mode, 0 minutes in full.
Lessons for this module are being written. The outcomes and lesson plan below are final.
Lessons
- 1 Sources of Credit Risk
Coming soon
- 2 Credit Rating Agencies and Credit Ratings
Coming soon
- 3 Factors Impacting Yield Spreads
Coming soon
What the exam expects you to do
- Describe credit risk and its components, probability of default and loss given default.
- Describe the uses of ratings from credit rating agencies and their limitations.
- Describe macroeconomic, market, and issuer-specific factors that influence the level and volatility of yield spreads.