- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 16. Credit Analysis for Corporate Issuers
- Subject 1. Assessing Corporate Creditworthiness
CFA Practice Question
Which covenant is meant to specifically protect unsecured creditors?
B. limitations on liens
C. change of control put
A. restricted payments
B. limitations on liens
C. change of control put
Correct Answer: B
Limitations on liens are meant to put limits on how much secured debt an issuer can have.
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