Identify Those Trends That Are Unfavorable from the Viewpoint of a Bondholder

Multiple Choice

Identify those trends that are unfavorable from the viewpoint of a bondholder (More than one answer may be correct.)

A) Market interest rates are steadily rising.
B) The issuing company's interest coverage ratio is steadily rising.
C) The issuing company's net cash flow from operating activities is steadily declining.
D) The issuing company's debt ratio is steadily declining.