问题如下：
For a high-quality debt issuer with a large amount of publicly traded debt, bond investors tend to devotemost effort to assessing the issuer’s:
选项：
A.default risk.
B.loss severity.
C.market liquidity risk.
解释：
A is correct.
Credit risk has two components: default risk and loss severity. Because default risk is quite low for most high-quality debt issuers, bond investors tend to focus more on this likelihood and less on the potential loss severity.
我想问一道原版书上的题， 和此题考点一样
in contrast to high- yield credit analysis, investment- grade analysis is more likely to reply on :
A spread risk
B an assessment of bank credit facilities
C Matching of liquidity sources to upcoming debt maturities
书上答案是A，不是应该HY更关注Spread risk吗？不太清楚B，C和题目是否有关联。
