Subnational Credit Rating: A Comparative Review

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. A prerequisite for accessing capi...

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Bibliographic Details
Main Authors: LIU, Lili, TAN, Kim Song
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/1177
https://ink.library.smu.edu.sg/context/soe_research/article/2176/viewcontent/WPS5013.pdf
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Institution: Singapore Management University
Language: English