单选题 Which of the following statements concerning asset-backed securities (ABSs) is FALSE? A. The asset-backed pool may be overcollateralized to provide a credit enhancement. B. The assets are typically placed in a special purpose vehicle to shield them from the firm's creditors. C. ABSs typically have lower debt ratings than the firm's other borrowings.

【正确答案】 C

【答案解析】The objective of the firm with an ABS issue typically is to get a higher debt rating (a lower cost of borrowing). Typically, the ABS has a higher debt rating, perhaps because of credit enhancements.