Grand International in line with the Ministry of Railways of the 20 billion short-term bonds, a AAA credit to the Ministry of Railways. What does that mean? In the bond market, credit, borrow money, said the ability to repay the debt side. The higher the credit rating, the stronger the ability to repay the debt, or debt due from the possibility of not smaller. AAA is the highest level of the basic credit. Higher level there is any good? The higher the level of borrowing side, less risk, so the creditor requires the less interest. So this Grand highest international credit rating to the Ministry of Railways aim is to make the Ministry of Railways 20 billion of new debt that the interest burden to a minimum.
Can help the Ministry of Railways with the Grand Duke of international patronage, ======== Adidas Basketball Shoes========
======== Womens Basketball Shoes======== but forgot to China’s national currency debt credit rating. Their debt to the Chinese national currency credit rating is AA +, lower than the AAA level! Oh, great fun. Emirates International, said the Ministry of Railways ability to repay the debt is higher than the Chinese Government! In other words, even if it does not happen for the Chinese government Repudiation situation, the Ministry of Railways have been able to change. Grand erupted international famous, the whole world to see the joke.
This does not, out of Grand International explains. Fortunately, no explanation, this explanation; Grand International credit ratings and the same level of the Ministry of Railways. Note, I said now is not the credibility of the credit. What’s the difference? Credit rating refers to the possibility that you do not repay the debt, and credit-level refers to the possibility that you do not lie. The lower level of credibility, not less likely to lie. A credit rating agency credibility if it is a low level that it is a lie into the nature of the organization, then who would be willing to use its credit rating to assess the credit risk?
Why Duke international reputation and the reputation of the Ministry of Railways at the same level it? We all know the reputation of the Ministry of Railways, and it’s reputation and make it big in front of two of China’s leaders to steal tens of billions of taxpayer’s property. It does not lie lie, I do not have much to say. Then the Grand Duke of international credibility? Let’s see how it was explained above that credit joke.
It spread up to a big lie. It said China’s national currency credit rating is “applied to the Chinese government’s international finance.” If China’s national credit rating [currency] is applied to the Chinese government’s international financing, then China’s national [foreign] credit rating is used to doing it? Applied to the Chinese government’s financing of the solar system? Edges of the tear did not! In fact China’s national currency credit rating is applied to the Chinese government issued bonds in the domestic use, while foreign currency credit rating is for the Chinese government’s international financing
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