PublicationsBACK

Subnational Credit Ratings: A Comparative Review

Aug 31, 2009 | L. Liu, K.S. Tan | The World Bank
This paper surveys methodological issues in subnational credit ratings and highlights key challenges for developing countries. Subnational borrowing from capital markets has been on the rise owing to fiscal decentralization and demand for infrastructure investments.
Theme: Financial Inclusion | Country: South Africa | Pages: 46
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