S&P Global Ratings warns of risks from China’s generous credit ratings
1450 AM 99.7 FM WHTC
S&P Global Ratings is warning that China's bond market is accumulating risk due to overly generous credit ratings, particularly as Beijing seeks to attract foreign issuers. Many Chinese bond issuers receive top-tier ratings domestically despite having lower global ratings, potentially masking default risks. This concern comes amidst a push by Chinese authorities to improve rating quality and differentiate credit risk within its growing bond market.
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