08.18.2011 15:05

Rated ‘E’for Exaggerate

Credit ratings have been improving for issuers of government bonds, raising questions about rating agency credibility
By staff reporter Zhang Yuzhe and intern reporter Yang Na
 

Not long after the embarrassing crash of two, flagship bullet trains in July, China's Ministry of Railways officials could again muster smiles after winning a higher bond rating from a domestic credit firm.

But the upgrade by China Dagong Global Credit Rating Co. Ltd., an established firm that controls about 30 percent of the market for municipal bonds, triggered a broad debate about rating agencies and their recent decisions in China.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Transparency Time

After securing clients in 170 countries, the telecom gear-maker Huawei is stepping out of the shadows


Issue 87
March, 2015

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Transparency Time
After securing clients in 170 countries, the telecom gear-maker Huawei is stepping out of the shadows
Issue 87
03.01.2015

Subscribe       |       Newsletter        |        FAQ