18. Meshack Bradovic, CFA, was recently hired as a credit analyst at a credit rating agency whose
major clients include publicly listed companies on the local stock exchange. One of the clients is
currently preparing to issue a new bond to finance a major factory project. Analysts are
speculating that without the new factory the company will not survive the onslaught of
competition from increasing imports; therefore, the company is counting on an upgraded credit
rating to enhance the subscription level of the issue. Bradovic’s research suggests the
creditworthiness of the company has severely deteriorated over the last year due to negative
operating cash flows. Without conducting extensive research, Bradovic’s boss puts pressure on
him to upgrade the credit rating to an investment grade rating. What course of action is most
appropriate for Bradovic to prevent any violation of the CFA Code or Standards?
A. Quit his position with the firm.
B. Upgrade the rating but note his objections in writing.
C. Disassociate with the credit rating report, the bond issue and the client.
By accessing this mock exam, you agree to the following terms of use: This mock exam is provided to currently-
registered CFA candidates. Candidates may view and print the exam for personal exam preparation only. The
following activities are strictly prohibited and may result in disciplinary and/or legal action: accessing or permitting
access by anyone other than currently-registered CFA candidates; copying, posting to any website, emailing,
distributing and/or reprinting the mock exam for any purpose.
Bạn đang xem 18. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2011