S&P is ahead of the other two major ratings agencies, Moody’s and Fitch, when it comes to capturing business in China’s onshore bond market. Photo: Reuters

S&P becomes first foreign firm to rate domestic Chinese bonds, assigns highest score to ICBC unit

  • Agency has established a ratings scale for China that does not correspond to its global scale
  • Firm to compete with about half-dozen major local ratings companies
Topic |   Standard & Poor's

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S&P is ahead of the other two major ratings agencies, Moody’s and Fitch, when it comes to capturing business in China’s onshore bond market. Photo: Reuters
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