NO.PZ2023052301000062
问题如下:
Match the indicators below to the impact (positive or negative) on the creditworthiness of a general obligation bond issued by a state government:
解释:
A. Positive, as low unemployment indicates a more productive and income-generating population with potential for higher tax revenue.
B. Negative, as low per capita income reduces the potential for tax collection and any potential tax raise.
C. Positive, as low per capita debt suggests a higher debt service ratio and greater capacity for additional debt, if required.
D. Negative, a low tax base limits the potential for tax collection and significantly weakens the potential for state revenue to meet expenses and service its debt.
E. Negative, as the more diversified the state’s revenue stream, the higher its credit quality. Overreliance on a single revenue stream creates the potential for volatility in case of any economic disruption.
F. Negative, as high post-retirement obligations indicate further state indebtedness, reducing its ability to service its debt.
主权债券高度依赖消费税不是说明现金流很稳定吗,应该是positive才对吧?