Regulators are pushing to tighten oversight, but without a functioning high-yield market, investment-grade ratings remain a financing necessity
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China’s effort to rein in inflated credit ratings is running up against a fundamental constraint: they are key to how the country’s bond market functions.
Regulators tighten scrutiny on weaker issuers, prompting a wave of rating terminations as companies scramble to avoid downgrades
Concerns grow that some issuers may be terminating ratings to avoid downgrades
People's Bank of China pushes rating agencies to curb inflated AAA grades in bond market where 95% of securities carry top…
In a move that could reshape China's domestic credit market, domestic investors are reviewing their bond holdings for potential…
Rating agencies must map domestic grades to international scales starting Aug. 1 or face a registration ban
Shanghai and Shenzhen’s new “three red lines” have slowed issuance by district- and county-level LGFVs, leaving weaker players…
