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Default Pain Turns Into Gain for China’s Debt Rating Companies

  • China Bond Rating started selling a list of riskiest issuers
  • Rating firms received more inquiries about onshore defaults
A woman monitors prices at a securities exchange hall in Shanghai.

A woman monitors prices at a securities exchange hall in Shanghai.

Photographer: Qilai Shen/Bloomberg
Updated on

The default contagion inflicting pain on Chinese bond issuers and investors offers a chance for rating companies to gain revenue.

China Bond Rating Co. started selling “The Riskiest Chinese Bond Issuer List” this year and has offered more training sessions to financial institutions than in the whole of 2015. Golden Credit Rating International Co. said it had set up a new department to address investors’ inquiries and provide seminars. S&P Global Ratings and Moody’s Investors Service also reported a spike in interest from fund managers.