39 A Debt Compliance Report Comfort Letter to a lending inst

39. A Debt Compliance Report (Comfort Letter) to a lending institution provides a. Negative assurance b. Summary of Findings c. Positive assurance d. No assurance

Solution

39) Answer : b. Summary of Findings

=> The report provides a level of assurance that the borrower\'s obligation will ultimately be met or in other words, it is a solvency findings report to the lender.