In assessing the credit quality of local currency debt, S&P emphasizes foreign government policies that foster or impede timely debt service.

Name: In assessing the credit quality of local currency debt, S&P emphasizes foreign government policies that foster or impede timely debt service.
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S&P assesses the credit quality of local currency debt primarily based on the economic and fiscal conditions of the issuing country, rather than foreign government policies.

In Assessing the Credit Quality of Local Currency Debt, S&P