UPDATE 1-China warns of inflated credit ratings due to bond defaults
UPDATE 1-China warns of inflated credit ratings due to bond defaults
By Andrew Galbraith, Samuel Shen (Add investor comment to paragraph 4) SHANGHAI, Dec 4 (Reuters) – China’s interbank bond market regulator has signaled the risk of inflated credit ratings and widespread rating industry failures, after highly rated state-owned company defaults sparked market panic last month . The vast majority of Chinese corporate bonds are issued […]
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