Question

In assigning credit ratings, the practice of notching by the rating agencies is least likely used to quantify the:

Answer 1

Answer:

$\huge\underline \mathfrak \blue{Answer}$

BREAKING DOWN Notching

The base from which an instrument is notched in either direction is an obligor's senior unsecured debt (base = 0), or the corporate family rating (CFR). Notching also applies to the structural subordination of debt issued by operating subsidiaries or holding companies, according to S&P.

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