How China LGFV debts will fare amid the virus outbreak

Feb 25, 2020

Investor concerns are rising about the bonds issued by local government funding platforms due to the coronavirus epidemic. But rating analysts believe defaults are unlikely.

How China LGFV debts will fare amid the virus outbreak

China’s local government financing vehicles (LGFVs) will likely receive less funding in the coming months due to the coronavirus outbreak, but default risks of the platforms' bonds will remain low, say credit rating analysts.

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