Market Performance Analysis of Professional Guarantee and Credit Enhancement Institutions Supporting the Issuance of Urban Investment Bonds
In the 2023 year,the difficulty of resolving local government debt has reached unprecedented levels,urban investment company debt plays an important role in the local government debt.As of the first half of 2024,the scale of urban investment bonds in the market has reached about 12 trillion yuan,of which more than 1 trillion yuan has been jointly guaranteed by professional guarantee and credit enhancement institutions since 2018.Especially in re-cent years,various provinces and cities have increased their efforts to establish guarantee and credit enhancement insti-tutions with a credit rating of AAA.This not only serves as a tool to repair the credit of the local capital market,but al-so as an effective financial tool for local bond issuance and cost reduction.This article analyzes the credit enhancement situation of urban investment bonds from 2018 to 2023,and explores in depth the role and effectiveness of professional guarantee credit enhancement institutions in supporting the urban investment bond issuance market.
Urban Investment Company DebtGuarantee and Credit Enhancement InstitutionsCredit Ratings
万方数据
维普
