Rating agency S&P has downgraded seven Chinese local-government financing vehicles (LGFVs), on the view that local governments are less likely to provide bailouts if these companies verge towards default, highlighting the punishing impact of Beijing’s austerity campaign.
评级机构标普(S&P)下调了7家manbetx3.0 地方政府融资平台的评级，认为如果这些公司濒临违约，地方政府不太可能会提供纾困。这突显出了manbetx3.0 政府紧缩行动的惩罚性影响。
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