Credit Risk (2024/2025 CFA® Level I Exam – Fixed Income – Learning Module 14)

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Topic 7 – Fixed Income
Learning Module 14 – Credit Risk
- LOS : Describe credit risk and its components, probability of default and loss given default.
- LOS : Describe the uses of ratings from credit rating agencies and their limitations.
- LOS : Describe macroeconomic, market, and issuer-specific factors that influence the level and volatility of yield spreads.