单选题 Which of the following best describes the motivation for a corporation to issue an asset-backed security? Securitization of specific assets by a corporation enables the corporation to: A. avoid negative covenants of bond indentures. B. get a credit rating on the ABS that will result in a lower cost of borrowing. C. use the assets as collateral for additional borrowing.
【正确答案】 B
【答案解析】Issuing asset-backed securities allows a corporation to dedicate the assets' cash flows to specific debt issues. This enables the issue to receive a higher credit rating than that of the corporation.