articles Corporate /en/research-insights/articles/sp-global-china-ratings-publishes-first-rating-in-domestic-chinese-market content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List
S&P Global

S&P Global China Ratings Publishes First Rating in Domestic Chinese Market

S&P Dow Jones Indices

Do Management Fees Outweigh the Alpha Generated in Indian Equity Large-Cap Funds?

S&P Dow Jones Indices

Market Dynamics Amid CARES Act Influx

Lenovo faces new normal, still has peak season, supply chain switch to tackle

S&P Dow Jones Indices

Move over Millennials: ESG Investing Is a Multigenerational Conversation

S&P Global China Ratings Publishes First Rating in Domestic Chinese Market

Jul. 11 2019 — S&P Global (China) Ratings, a company wholly owned by S&P Global (NYSE: SPGI) that produces ratings in the domestic Chinese bond market, has today issued the very first rating of a domestic China entity by a local Credit Rating Agency (CRA) that is wholly owned by an international investor.

The first rating action taken was on ICBC Financial Leasing Co., Ltd., a leading Chinese financial leasing company, which was assigned a rating of ‘AAA’ on the S&P Global (China) Ratings’ China scale. To date, S&P Global (China) Ratings (Chinese name: 标普信评) is the first and only CRA permitted to operate in China while being fully foreign-owned.

“Today’s rating in China marks a significant milestone in S&P Global’s 150-year history,” said Douglas L. Peterson, S&P Global President and Chief Executive Officer. “We are strongly committed to enhancing our presence in China across our company, and the successful issuance of our first rating in China’s local bond market is a critical part of that progression.”

“In the period since receiving approval to rate domestic bonds in China, we have been energized by the level of interest from issuers, investors, our employees, and the market at large,” said John Berisford, President, S&P Global Ratings. “S&P Global (China) Ratings will bring a fresh perspective to a market of significant domestic and global interest, built on our longstanding principles of objectivity and transparency. In doing so, we will make a meaningful contribution to the considered goals China has for the evolution of its financial markets and to the connectivity of the global financial system.”