Technical Note

ANALYTICAL FRAMEWORK FOR RATING LOCAL/PROVINCIAL/ MUNICIPAL GOVERNMENTS

Bushra Naqvi

INDUSTRY :-

AREA :FINANCE

ORGANIZATION :-

LENGTH :11

LUMS No :02-609-2015-2

PUBLICATION YEAR : 2015

ABSTRACT:

This note documents the best practices adopted and used by credit rating agencies (CRAs) while developing risk profiles and assigning credit ratings to sub sovereign entities like provinces, municipalities or any other form of local government. It familiarises policy makers and technocrats in provincial or municipal governments with the idea of financing through provincial bonds and one of their most important prerequisites i.e. credit rating.