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PaisleyPPx · 2020年02月11日

问一道题:NO.PZ2016031001000150

问题如下:

Credit risk of a corporate bond is best described as the:

选项:

A.

risk that an issuer’s creditworthiness deteriorates.

B.

probability that the issuer fails to make full and timely payments.

C.

risk of loss resulting from the issuer failing to make full and timely payments.

解释:

C is correct.

Credit risk is the risk of loss resulting from the borrower failing to make full and timely payments of interest and/or principal.

老师 信用风险不就是违约的概率吗?

1 个答案

吴昊_品职助教 · 2020年02月12日

不是。信用风险指的是发行人不能及时足额还本付息所造成的损失或由于评级下调导致债券价格下降的风险。信用风险既取决于违约概率,也取决于一旦违约造成的损失。而B选项只说了违约概率,因此不正确。