'Credit Wrapping' Is a Credit Enhancement Practice That Allows Lower-Rated

question 28

True/False

'Credit wrapping' is a credit enhancement practice that allows lower-rated borrowers to issue bonds at a lower yield.

---

Definitions:

Seismic Events

Phenomena that are caused by the sudden release of energy in the Earth's crust, resulting in ground shaking and sometimes displacement.

Seismographs

Instruments that measure and record details of earthquakes, such as force and duration, by detecting ground motion.

Tsunami

Enormously long oceanic waves generated by major events like quakes, volcano eruptions, or subaquatic landslides.

P-Wave

A type of seismic wave that compresses and expands material in the direction it is traveling, and is the fastest kind of seismic wave.