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Basic Question 1 of 3
The key credit metric for revenue-backed municipal bonds is the ______.
B. debt service coverage ratio
C. cash available for debt service (CADS)
A. interest coverage ratio
B. debt service coverage ratio
C. cash available for debt service (CADS)
User Contributed Comments 1
| User | Comment |
|---|---|
| johntan1979 | DSCR = EBIT/Total debt service |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
explain special considerations when evaluating the credit of sovereign and non-sovereign government debt issuers and issues
CFA® 2025 Level I Curriculum, Volume 4, Module 15.