As a result of the process of tranching, a ratings agency could give a higher credit rating
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As a result of the process of tranching, a ratings agency could give a higher credit rating to a class of securities carved from a pool of loans than would be given to other classes of securities carved from the same pool of loans.
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True The process of tranching involves the creation of different classes of securities from a pool of loans with each class having a different level o...View the full answer
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Chizaram Onyejiuwa
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Detecting Accounting Fraud Analysis And Ethics Global Edition
ISBN: 9781292059402
1st Global Edition
Authors: Cecil W. Jackson
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