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China Daily Website

Rating agency looks at local governments

Updated: 2013-01-22 07:40
By Wei Tian ( China Daily)

Ability to honor debts under review to prevent risk of defaults

The credit status of local governments is being evaluated to gauge debt-paying capacity amid their growing financial demands.

The evaluation, by Dagong Global Credit Rating, was welcomed by financial analysts as a measure to regulate vast local government debt and prevent defaults.

Rating agency looks at local governments

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