Credit Risk (2025 CFA® Level I Exam – Fixed Income – Learning Module 14)

Master Credit Risk for CFA Level I Fixed Income. In this lesson Jim explains what credit risk is, how to analyze it with the Five Cs, the difference between bottom-up and top-down drivers, sources of repayment, PD, LGD, expected loss, credit ratings, credit migration risk, yield spreads, and the links to leverage and debt coverage. Prep smarter with AnalystPrep’s CFA® study packages: Levels I, II & III (Lifetime access): https://analystprep.com/shop/cfa-unli... Level I: https://analystprep.com/shop/cfa-leve... Level II: https://analystprep.com/shop/learn-pr... Level III: https://analystprep.com/shop/cfa-leve... Prep Packages for the FRM® Program: FRM Part I & Part II (Lifetime access): https://analystprep.com/shop/unlimite... Topic 7 – Fixed Income Learning Module 14 – Credit Risk LOS : Describe credit risk and its components, probability of default and loss given default. LOS : Describe the uses of ratings from credit rating agencies and their limitations. LOS : Describe macroeconomic, market, and issuer-specific factors that influence the level and volatility of yield spreads. #CFA #CFALevel1 #FixedIncome #CreditRisk #BondInvesting #YieldSpreads #CreditRatings #InvestmentGrade #HighYield #AnalystPrep