Long term financing for infrastructure projects can be costly for sub-national authorities. However, some authorities obtain better terms for their financing than others from financial institutions. Since every authority would like to lower its cost of borrowing, it is important to understand why some pay less than others. The cost of long term financing for infrastructure development depends on the level of confidence that financial institutions...
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INFORMATION
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2012/07/01
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Fiche
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73642
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1
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1
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2012/11/13
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Disclosed
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Importance of a national scale credit ratings for sub-national authorities that borrow long term
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credit rating agency
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