NO.PZ2016031001000139
问题如下：
A fixed income analyst is least likely to conduct an independent analysis of credit risk because credit rating agencies:
选项：
A.may at times mis-rate issues.
B.often lag the market in pricing credit risk.
C.cannot foresee future debt-financed acquisitions.
解释：
C is correct.
Both analysts and ratings agencies have difficulty foreseeing future debt-financed acquisitions.
考点：independent analysis and ratings agencies
解析：本题问的是：债券分析师不能做独立的信用风险分析，从评级公司来看原因是什么？其实就需找到，分析师和评级公司在做信用风险分析时，都面临的缺点。
C选项：不能对未来的debt-financed acquisition做出预测，这是两者均有的缺点，故选项C正确。
A选项：债券分析师有时会有错误的评级，但是评级公司会更精确。
B选项：评级公司的评级有时会之后市场，但是债券分析师的评级判断更新会更快。
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