Sudden Distress at Top-Rated Firm Tests China’s Rating Crackdown

Less than six months ago, China’s central bank made its biggest push yet to tackle inflated credit ratings in the nation’s $5.6 trillion corporate debt market. Now it has a...

By Bloomberg News · Bloomberg Markets

Less than six months ago, China’s central bank made its biggest push yet to tackle inflated credit ratings in the nation’s $5.6 trillion corporate debt market. Now it has a live test case.