Published: 7:56pm, 28 Jan, 2019 Updated: 10:55pm, 28 Jan, 2019
Credit assessor S&P Global Ratings has been given permission by Chinese regulators to register for bond rating in the country's interbank market, according to a statement by the People's Bank of China (PBOC). While PBOC's statement did not mention Fitch Ratings or Moody's Investor Service, it said the appearance of a global ratings company will meet overseas investors' demand for renminbi-dominated assets and better credit rating quality in the Chinese market.