Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Global Economics

Judgment Day for China's Ratings Agencies


Could Moody's, Standard & Poor's, and Fitch Ratings finally get permission to rate domestic corporate bonds?

The announcement that China's corporate bond market was getting a new policeman was cause for cheer among the foreign credit ratings agencies. Now run by the progressive securities regulator as opposed to the conservative state planner, this anemic area of the capital markets could expect to get a shot in the arm.

The more firms issuing debt, the greater the demand for those who assess whether this debt is worth buying. Could it mean that the likes of Moody's, Standard & Poor's (S&P) and Fitch Ratings were finally going to get permission to rate domestic corporate bonds?

Unfortunately, it did not


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus