SRIG is a China-based state-owned government-related entity (GRE) established in 2008 to construct and invest in public works such as railways and highways in Sichuan province.
SRIG was established as a limited liability company under China's company law.
Constant government subsidies for interest expense also alleviate SRIG's debt-service burden.
Table2 The ML estimates and the Bayes estimates (with standard errors in the parenthesis) assuming the Uniform and the SRIG priors of th= 175, X = 200 Hyper-parameters assumed are a1 = a2 = 4.5 hi =b2 =0
The Bayes (SRIG) estimates are under estimated but are more precised than the rest of estimates.
Very Strong Status, Ownership, Control: SRIG was established as a limited liability company under China's company law.
Moderate Socio-Political Implications: SRIG has a significant presence in the local railway industry as the Sichuan province's major railway and highway investment representative.
Very Strong Financial Implications: If SRIG defaults, we believe it would substantially hamper the investment in transportation infrastructure in the province and could result in reputational damage, a downturn in future lending to the sector as well as a cost increase to some extent.
Weak Standalone Profile: We expect demand for SRIG's services to be steady amid the local government's infrastructure development plan.
Gateshead and District Sunday Lg Steve McGee pulled the srigs
for Dunston and there goals from Chris Douglas (2), Barry Watson, Michael Hay and Paul Kavanagh.