在表中，请注意，信用等级越高，票面利率就越低（债券每年支付的利率）。

In the table, please note that the higher the credit rating, the lower the coupon rate (interest rate bonds pay annually). If the loan defaults, first of all senior bondholders get paid from a pool of mortgage assets, then the bondholders get paid in other parts based on their credit rating; the lowest credit ratings will finally pay. <br><br>In general, the most secure payment priority, because they have the right to claim the first pen collateral. Although priority debt rating is usually higher than the secondary level, but at a lower coupon rate. On the contrary, subordinated debt offers higher coupon (more interest) to compensate for their higher risk of default. However, due to their higher risk, typically lower credit rating.

In the table, note that the higher the credit rating, the lower the coupon rate (the annual interest rate paid by the bond). In the event of a loan default, senior bondholders are first paid from the pool of mortgaged assets and then paid by bondholders in other parts based on their credit rating;<br><br>In general, priority payments are the safest because they have the first claim for collateral. Although priority bonds are usually rated higher than the subprime level, their coupon rates are lower. Instead, subprime debt offers higher coupons (more interest) to compensate for its greater risk of default. However, because they are riskier, they usually have a lower credit rating.

In the table, note that the higher the credit rating, the lower the coupon rate (the interest rate paid by the bond each year). In the event of a loan default, the senior bondholders first receive compensation from the pool of collateral assets and then receive compensation from bondholders in other parts based on their credit rating; the credit with the lowest score will be paid in the end.<br>In general, priority payments are safest because they have a first claim on the collateral. Although senior bonds are usually rated higher than subordinated bonds, their coupon rates are lower. On the contrary, subordinated debt provides higher coupon (more interest) to compensate for its greater default risk. But because of their high risk, they usually have a low credit rating.