Financial Risk Manager Part 1
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In regard to through-the-cycle (TTC) versus at-the-point (aka, point in time, PIT) approaches to credit ratings, each of the following statements is true EXCEPT which is:
A
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B
Through-the-cycle ratings are more stable than point-in-time ratings
C
Point-in-time ratings are more responsive to current economic conditions
D
Major rating agencies typically use through-the-cycle approaches