NO.PZ2016031001000021
问题如下:
Which of the following best describes a negative bond covenant? The requirement to:
选项:
A.
insure and maintain assets.
B.
comply with all laws and regulations.
C.
maintain a minimum interest coverage ratio.
解释:
C is correct.
Negative covenants enumerate what issuers are prohibited from doing. Restrictions on debt, including maintaining a minimum interest coverage ratio or a maximum debt usage ratio, are typical examples of negative covenants.
考点:postive & negative covenants
解析:A选项确保资产以及B选项遵守法律条款都属于肯定性条款。C选项出现了比率,属于否定性条款,故选项C正确。
为何出现比率就是否定条款?