单选题 Credit risk is measured in several ways. The yield differential above the return on a benchmark security measures the:

A、

A. default risk.
B、

B. downgrade risk.
C、

C. credit spread risk.

【正确答案】 C

【答案解析】The yield differential above the return on a benchmark security measures the credit spread risk. Credit spread risk is also known as the risk premium or spread.