S&P Global To Rate China Local Bonds

2019-01-28，Chinese regulators have allowed S&P Global Ratings’ Beijing-based wholly owned unit to conduct credit rating business on the mainland, according to a statement from the People’s Bank of China.

In China, about 97 percent of 1,741 non-financial corporate bonds had ratings of AA or above, according to a Nov. 6 statement from National Association of Financial Market Institutional Investors (NAFMII).

Reference

Bloomberg, Tu Lianting, 2019-01-28, “S&P Global Gets Approval for China Local Rating Business”