19 Days
Source:
الاقتصادية
Beijing Takes Action to Reduce High "AAA" Ratings in the Bond Market
Chinese authorities are working to limit high credit ratings, particularly the "AAA" rating, for corporate bonds in an effort to address rating inflation. The People's Bank of China has requested rating agencies to review high ratings, leading to the removal of ratings from companies previously rated "AAA," especially those with high yields, amid concerns over rating inflation since their proportions increased significantly since 2016. These measures follow the Evergrande crisis and setbacks in the real estate market, as part of an attempt to contain market debt and reduce the economy's dependence on the real estate sector.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)