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China Tightens Rating Rules for Booming Panda Bond Market
Rating agencies must map domestic grades to international scales starting Aug. 1 or face a registration ban
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caixinglobal.com
China Tightens Rating Rules for Booming Panda Bond Market
Rating agencies must map domestic grades to international scales starting Aug. 1 or face a registration ban
- ·
Stricter Bond Reviews Squeeze China’s Local Government Financing Vehicles
Shanghai and Shenzhen’s new “three red lines” have slowed issuance by district- and county-level LGFVs, leaving weaker players more reliant on bank loans or vulnerable to takeover
