问题
单项选择题
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.
答案
参考答案：B
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.