bullish
Central Government Policy Aid Set to Catalyze LGFVs' Fortunes in 2024
172 Views29 Jan 2024 11:34
SUMMARY
- China’s Local Government Financing Vehicles (LGFVs) across the country have shown a diverse credit profiles with majority of the LGFV’s exhibiting moderate credit risk at the start of this year when broken down by province.
- These financing vehicles, that have been used to fund infrastructure and other development-related projects for local governments in China, have been susceptible to varying macroeconomic conditions.
- However, at the start of 2024, Criat’s Credit Cycle Index (CCCI) shows that the sector’s credit risk outlook is likely to improve with respect to that of the aggregate credit profile of all Chinese firms.
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