Which of the following is included by one or both Moody's and S&P Global in determining a country's ability to pay its public debt?

a) Economic Strength
b) Institutional Assessment and Governance Strength
c) Fiscal Strength
d) External Assessment
e) Event Risk

Among the options provided, which accurately describes the factors considered by rating agencies in assessing a country's ability to pay its public debt?

a) Option 1, 2, 3, and 4 but not 5 since "event risk" is not possible to assess or predict.
b) Option 1, 2, 4, 5 because Fiscal Strength is the same as Economic Strength.
c) All of the above except 4 are because the status of a sovereign's currency in international transactions.
d) Option 1, 2, 3, and 4 are all considered by one or both rating agencies.