Importance of a national scale credit ratings for sub-national authorities that borrow long term (English)

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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Author

Gallo,Joshua Mathias;

Painter,David;
Document Date
2012/07/01
Document Type
Brief
Report Number
73642
Volume No
1
Total Volume(s)
1
Country
Multi-Regional,
Region
Other,
Disclosure Date
2012/11/13
Disclosure Status
Disclosed
Doc Name
Importance of a national scale credit ratings for sub-national authorities that borrow long term
Keywords
credit rating agency

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Citation

Gallo,Joshua Mathias; Painter,David.

Importance of a national scale credit ratings for sub-national authorities that borrow long term (English). SNTA brief note ; no. 3 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/362301468110665683

Importance of a national scale credit ratings for sub-national authorities that borrow long term (English)

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