According to a Moody’s study, the most important drivers of the loss given default historically have been all of the following EXCEPT:

According to a Moody’s study, the most important drivers of the loss given default historically have been all of the following EXCEPT:

I. Debt type and seniority

II. Macroeconomic environment

III. Obligor asset type

IV. Recourse
A . I
B . II
C . I, II
D . III, IV

View Answer

Answer: D