问题
单项选择题
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.
答案
参考答案：C
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.