这题

问题如下：

Which of the following is not an example of negative covenants?

选项：

A.

The bond issuer’s debt-to-equity ratio should be lower than 0.5

B.

The bond issuer is restricted on high-risk investment.

C.

The bond issuer is required to comply with all laws and regulations.

解释：

C is correct.

Compliance with all laws and regulations is an example of affirmative covenants.

考点：postive & negative covenants

解析：A选项包含比率以及B选项含有restrict字样属于否定性条款；选项C遵守法律条款属于肯定性条款。故选项C正确。