Posted inChina

Triple-A ratings mean little in China’s faltering bond market

China’s freewheeling bond market is increasingly fraught with unseen risks, as AAA ratings handed out by local agencies often mean debentures are just as vulnerable to defaults as lower-rated notes.  Those increasingly flawed local assessments have raised bigger questions about the health of China’s US$7 trillion bond market, a trust deficit that could soon be […]

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