S&P closes in on China as ratings race quickens

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By Paolo Danese
01 Nov 2018

S&P Global Ratings is expecting to get regulatory approval to set up in China as early as November as the race to disrupt the onshore ratings market heats up, writes Paolo Danese.

The rating agency announced earlier this year that it was seeking to provide onshore ratings. It is applying to get licences to rate bonds from financial institutions, corporations and securitization vehicles, according to a source familiar with the application process. Each of these three markets requires a separate licence.

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