S&P Global Ratings flags concentration risk in China credit ratings
S&P Global Ratings’ Asia-Pacific ratings chief says Beijing’s attraction of foreign issuers is baking risks into China’s booming bond market, with too many issuers concentrated in the upper rating tier.
Generous credit ratings are baking risks into China's booming bond market as Beijing attracts foreign issuers, S&P Global Ratings' Asia-Pacific ratings chief said on Thursday."Too many issuers are concentrated in the upper layer of the rating scale," Christopher Lee, regional practice lead for Asi…