Mainland credit rating agencies could foster Chinese high yield offshore – opinion

20 Aug 2012

Chinese credit rating agencies may not have the strongest reputation, but as they begin to drift offshore, their presence may inadvertently help foster a high yield market for mainland corporates.

In an interview with Asiamoney PLUS, Philip Li, managing director and head of China Chengxin’s new Hong Kong office, was insistent about one thing: his credit rating agency has a different way of assessing companies’ creditworthiness.

He said that global credit rating agencies put more weight on “the qualitative ...

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