unsure questions

All of the following have been recognized by the SEC under the Credit Rating Agency Reform Act of 2006 as being registered with the commission to rate debt instruments. Which of the following historically has specialized in ratings for the insurance sector? A) Moody's B) Fitch Ratings- C) A.M. Best, Inc. D) Standard & Poor's

C) AM Best

Crossover refunding, which is a type of advance refunding, is best described by which of the following statements? A) Revenues can never cross over to fund a new issue. B) The new issue will not be funded by the revenue stream from the project that funded the initial bond offering. C) The revenue stream originally pledged to secure the refunded issue continues to pay debt service on those bonds until they mature or are called.-- D) The revenue stream is halted completely from the project until the new bonds are issued.

correct

If an indenture has a closed-end provision, this means that A) the bonds must be called before maturity B) no additional bonds may be issued- C) a sinking fund must be established D) additional issues will have junior liens

no additional bonds can be issued with the same collateral