S&P’s China entry may help private firms
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Asia

S&P’s China entry may help private firms

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S&P Global’s China unit has issued its first domestic rating to ICBC Financial Leasing (ICBCFL), a unit of the Industrial and Commercial Bank of China. But bankers say that the rating agency has chosen an easy target and will need to move to lower quality names if it hopes to go further in the Mainland.

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