Upgrade-Happy China Raters Say S&P Lacks Local Knowledge in Cuts

Updated on
  • Local companies raise ratings as foreign firms warn of risks
  • Not all must suffer in an economic slowdown, says Lianhe

China’s economy is growing at the slowest pace in 25 years, total debt is almost three times output and twice as many listed companies are losing money as a year ago. Apparently, that doesn’t faze the nation’s rating companies.

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