China Pushes Rating Firms to Review AAA Glut in Bond Market (opens original article in a new tab)

China urged domestic rating firms to review the concentration of AAA ratings in the bond market, aiming to better assess credit risks following years of record defaults.

• China urged domestic rating firms to curb the concentration of top-tier AAA ratings in the bond market.
• This is the most concrete step taken by China to better assess credit risks after years of record defaults.