China Credit-Bubble Call Pits Fitch Ratings’ Chu Against S&P

China Credit-Bubble Call Pits Fitch Ratings’ Chu Against S&P

Tomohiro Ohsumi/Bloomberg

A man smokes a cigarette outside a China Construction Bank Corp. branch in Beijing. Fitch rates the four biggest Chinese banks’ long-term debt at A, the same as Standard & Poor’s and one level lower than Moody’s.