问题如下:
Which of the following statements regarding commercial mortgage-backed security (CMBS) is correct?
选项:
A. Call protection will improve the credit rating of CMBS.
B. Some CMBS are recourse loan.
C. Balloon payment in CMBS is credit positive for investor.
解释:
A is correct.
CMBS are no recourse loans. Balloon payment increased extension risk for investor, which is credit negative.
credit positive是什么意思?