US EUROPE AFRICA ASIA 中文

Rating agency looks at local governments

By Wei Tian ( China Daily ) Updated: 2013-01-22 07:40:15

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

Most Popular
Special
...