Chartered Financial Analyst Level 1

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The rating agency notching adjustment applied to the subordinated debt rating of speculative grade issuers is most likely:

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Last updated: December 6, 2025 at 10:03

A

smaller than that applied to the subordinated debt rating of investment grade issuers.

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B

the same as that applied to the subordinated debt rating of investment grade issuers.

C

larger than that applied to the subordinated debt rating of investment grade issuers.

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