Using the S&P rating standards as a guideline, what is the most likely rating for this counterparty exposure?
A. A
B. BB
C. CCC
D. D
Answer:C
Using the S&P rating standards as a guideline, what is the most likely rating for this counterparty exposure?
A. A B. BB C. CCC D. D
Explanation: This default probability profile would most closely correspond to a Caa/CCC rating. This can be implied by the