Chinese LGFVs in good shape despite Covid

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Chinese LGFVs in good shape despite Covid

China_Zhejiang province_Adobe_30June

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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