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3Novices:Here’s why China is flooded with AAA-rated bonds: confusion and rivalry among regulators

There are several reasons foreign investors are afraid of putting their money into China’s massive debt market. One of the biggest is a suspicion of the country’s rating agencies who seem to undermine their own credibility by giving just about every bond the highest classification.
It may seem baffling. So why do they do it?
According to some of the nation’s top economic analysts and bond market players, it is the fault of the organisations that oversee the industry.
“A…
July 17, 2017 at 05:30AM http://ift.tt/2t5BOzM
#3Novices #News #OnlineMedia #China 3Novices China

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