SPGI · News · 20260903N

Ratings Performance

S&P Global Inc. · 2026-09-03 · Importance 37 · Surprise 42

S&P Global Ratings warned that China’s 37 trillion yuan credit-bond market is accumulating risk from an unusually high concentration of top-tier ratings. Christopher Lee, S&P Global’s Asia-Pacific ratings chief, said generous ratings compared with global standards could weaken market risk differentiation. Chinese authorities are urging ratings agencies to reduce the number of AAA ratings as the domestic bond market becomes increasingly important for corporate financing.

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