Page 43 - FINAL CFA SLIDES DECEMBER 2018 DAY 15
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LOS 55.j: Explain special considerations when Session Unit 16:
evaluating the credit of high yield, sovereign, 55. Fundamentals of Credit Analysis
and non-sovereign government debt issuers
and issues., p139
High Yield Debt: High yield or non-investment grade corporate bonds are rated below Baa3/BBB by
credit rating agencies. These bonds are also called junk bonds because of their higher perceived credit
risk.
tanties
