# Series 7 Exam Prep 26, Bond Ratings and Credit Risk

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-7-exam-prep-26-bond-ratings-and-credit-risk
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-7-exam-prep-26-bond-ratings-and-credit-risk.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-07-03T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-7-exam-prep-26-bond-ratings-and-credit-risk
Audio file: https://episodes.captivate.fm/episode/f39b23be-f111-4e8e-86f4-88f55e2b74d3.mp3
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Duration seconds: 166

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key differences between investment-grade and high-yield (junk) bonds, including their S&P and Moody's rating thresholds. - How credit upgrades and downgrades from rating agencies inversely impact a bond's market price and yield. - The definition of a "fallen angel" and what it signifies about an issuer's changing financial health. - The priority of claims in a corporate bankruptcy, from secured debt holders down to common stockholders. - How to apply credit risk principles to Series 7 suitability questions by matching bond credit quality to a client's risk tolerance. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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