NO.PZ2020033002000022
问题如下：
Which of the following pieces of information is not included in the credit transition matrices?
选项：
A.
The probability of the company's credit rating being downgraded from AA to BB within five years.
B.
Change in bond prices after credit rating downgrade from BB to BBB.
C.
Probability of default on bonds with a credit rating of B.
D.
Probability of conversion of high-yield bonds to investment-grade bonds.
解释：
B is correct.
考点：Credit Transition Matrices
解析：Credit Transition Matrices并不反应价格信息。
conversion
