Global Government Borrowing To Hit $4.8 Trillion In 2005, As Credit Quality Continues To Improve Feb 05
- ID: 2092398
- February 2005
- Region: Global
- Standard & Poors
With this article, Standard & Poor's Ratings Services launches its first global survey of annual issuance of bonds and bank loans by national, regional, and local governments (see Tables 1 and 2 for global and regional borrowing and debt totals). The data aggregates bills, notes, and bonds issued by governments in their own names, but excludes other public bodies and government-guaranteed obligations and borrowing from official lenders, such as multilateral lending institutions. Private bank loans are also included, but account for a minimal share of the total in the majority of countries. More detailed commentary on individual countries and regions will be provided in a series of reports to be published later this month. As a technical assumption in the...
Companies mentioned in this report are:
- Australia (Commonwealth of) (Unsolicited Ratings)
- Japan (Unsolicited Ratings)
- United States of America (Unsolicited Ratings)
- India (Republic of) (Unsolicited Ratings)
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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. SHOW LESS READ MORE >