n NISM Certifications
X NISM Series X
Medium

What does 'Fallen Angels' refer to?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Structured Securities

  2. Distressed Securities

    Correct answer

  3. C

    Equity of Angel Investors

  4. D

    Shares trading at their 52-week low

Why this is the answer

'Fallen angels' are companies once rated investment grade but now downgraded to distressed status.

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