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    Rating agency looks at local governments

    By Wei Tian | China Daily | Updated: 2013-01-22 07:40

    Ability to honor debts under review to prevent risk of defaults

    The credit status of local governments is being evaluated to gauge debt-paying capacity amid their growing financial demands.

    The evaluation, by Dagong Global Credit Rating, was welcomed by financial analysts as a measure to regulate vast local government debt and prevent defaults.

    Rating agency looks at local governments

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