B
bdeyal89
Member
Good day,
The question states "explain how LIC will use credit ratings when issuing mortgages", and the answer seems to mainly focus on how credit ratings are derived.
I understand all the material in the answer, im just a bit worried because it would have never occured to me to go into that level of detail. I merely wrote "credit rating are a measure, both subjective and objective, of a comany's ability to service its debt".
How can i avoid making this mistake in the exam? Thanks.
The question states "explain how LIC will use credit ratings when issuing mortgages", and the answer seems to mainly focus on how credit ratings are derived.
I understand all the material in the answer, im just a bit worried because it would have never occured to me to go into that level of detail. I merely wrote "credit rating are a measure, both subjective and objective, of a comany's ability to service its debt".
How can i avoid making this mistake in the exam? Thanks.