Ultimate access to all questions.
Upgrade Now 🚀
Sign in to unlock AI tutor
Which of the following statements is incorrect, given the following one-year rating transition matrix?
A
The probability of an AAA-rated bond being downgraded to AA is 7.37%
B
The probability of an AAA-rated bond defaulting within one year is 0.00%
C
The probability of an AAA-rated bond maintaining its AAA rating is 87.44%
D
The probability of an AAA-rated bond being withdrawn from rating is 4.59%
E
All of the above statements are correct
F
None of the above
