I had this question in version 6161 in HK. Do you guys see this q? Just want to know what maintenance test is. I guessed the one requiring the firm to keep the EBIT coverage ratio at a certain level…
you ar right on the maintenance test and the affirmative covenants call upon the debtor to make promises to do certain things. i.e. maintain the asset in good condition, pay interest on a timely basis ~ detail pls refer to the CFAI Book 5 p.18
yep…