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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Main Authors: | LIU, Lili, TAN, Kim Song |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2009
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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 |
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