BC 是地方政府的credit risk评价方法吗

问题如下：

A key credit measure for revenue-backed non-sovereign government bonds is:

选项：

A.

the debt service coverage ratio

B.

level of unemployment in the local area

C.

the tax base (depth, breadth, diversification, stability)

解释：

Correct Answer: A

A key credit measure for revenue-backed non-sovereign government bonds is the debt service coverage ratio, which measures how much revenue is available to cover debt payments (principal and interest) after operating expenses. This is because the repayment ability for the bond is directly linked to the revenue of the specific underlying project, rather than the general tax revenue of the state. Many revenue bonds have a minimum ratio covenant; the higher the debt service coverage ratio, the stronger the creditworthiness.