Fitch and S&P to launch China credit-rating units

Global agencies will give comfort to funds assessing Chinese domestic corporate debt. Rating agencies S&P Global and Fitch Ratings will seek licences to rate domestic Chinese bonds, a move that could draw greater foreign participation into the world’s third-largest bond market. In a trade deal announced last May following President Xi Jinping’s meeting with Donald … https://on.ft.com/2L4qOei

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