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S&P Credit Research4210 word report
published Apr 26, 2009
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S&P Credit Research
| Abstract: | Conditions are evolving towards local and regional government (LRG) bond issuance in Asia becoming more acceptable to investors, harking back to the early days of similar market developments in Europe and the U.S. Infrastructure construction campaigns have been a prominent feature of national governments' policy responses to the effects of the global slowdown. In some cases in Asia, related expenditures have been included in national budgets, while in others the spending mandate has been passed along to LRGs without an explicit source of funding. Although to date the level of debt issuance by LRGs in Asia has been relatively small, we believe that it will rise in the near to medium term in order to fund the local segments of
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| Brief Excerpt: | RESEARCH Ratings Definitions The Nuts and Bolts Of Greater Subnational Borrowing In Asia Publication date: 26-Apr-2009 Primary Credit Analyst: Elena Okorotchenko, Singapore (65) 6239-6375; elena_okorotchenko@standardandpoors.com Secondary...
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| Report Type: | Commentary
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
