Chinese LGFVs in good shape despite Covid

Alice Huang

September 07, 2020 08:00 am

China_Zhejiang province_Adobe_30June — Chinese boats are taking tourists to see the surrounding atmosphere in the morning of one day with fog floating on the lake water. | nopphadol - stock.adobe.com

Chinese government-related entities (GREs) and local government finance vehicles (LGFVs) received more rating upgrades than downgrades from Fitch Ratings in the first half of 2020, but the pricing differences between bonds from quality names and weaker credits remain stark, said DCM bankers.

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Topics

Health and Biotech China Corporate Bonds Asia Greater China Northeast Asia Asia Pacific Emerging Markets SRI High grade and crossover bonds

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Alice Huang