题目
In contrast to high-yield credit analysis, investment-grade analysis is more likely to rely on:
选项
A.spread risk.
B.an assessment of bank credit facilities.
C.matching of liquidity sources to upcoming debt maturities.
答案
A
解析
： A is correct. Most investors in investment-grade debt focus on spread risk—that is, the effect of changes in spreads on prices and returns—while in high-yield analysis, the focus on default risk is relatively greater. ： 这道题目问的是与高收益信用分析相比，投资级别分析更可能依赖于： A是正确的。投资级债券的投资者大多关注价差风险，即价差变化对价格和收益的影响，而在高收益率分析中，对违约风险的关注相对较大。