题目
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.
答案
C
解析
： 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. ： C是正确的。否定条款列举了禁止发行人做的事情。对债务的限制，包括保持最低的利息保障率或最高的债务使用率，是否定条款的典型例子。