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Asia-Pacific Local And Regional Government Ratings To Increase In Prominence Oct 07
Standard & Poors, Oct 2007
Abstract
Standard & Poor's Ratings Services rates a number of local and regional governments (LRGs) in the Asia-Pacific region. However, compared to some other regions rated by Standard & Poor's, the number of LRG ratings in Asia-Pacific is quite low. Indeed, LRGs in the region have had relatively little involvement in international or even domestic capital markets. This lack of debt issuance is particularly evident in developing economies. Although the level of Asia-Pacific LRG debt issuance has so far been relatively small, we believe that LRGs are more likely to tap into capital markets in the future and that ratings are therefore likely to grow in prominence in the region. Several factors support this assumption: the depth of development needs in...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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