Lan Wang of the Banking team and Lillian Li of the Credit Strategy & Research team discuss why China’s move to open up its domestic financial markets to foreign securities firms potentially benefits all parties, despite operational hurdles. Plus, Marina Cremonese of the Asset Management team joins Lan to talk about the future for asset managers seeking to grow their businesses in China.
Gail Sussman and Eva Bogaty of the US Public Finance team discuss the new methodology for rating US K-12 public school districts. The new methodology has led to about 640 issuers being placed on review, slightly less than 20% of US K-12 districts we rate.
Subdued and fragile growth prospects, together with calls for policymakers to support an inclusive recovery, will challenge fiscal consolidation this year. High debt levels and stop-start growth intensify the risk and potential impact of another shock.