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S&P Becomes China's First Wholly Foreign-Owned Ratings Agency
Published on: 2020-10-26
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spS&P Global’s wholly-owned China subsidiary has announced that it has completed its registration with the CSRC (China Securities Regulatory Commission), making it the foreign-owned credit rating agency authorised to rate exchange-traded bonds.

S&P Ratings (China) Co Ltd, established in June 2018, won approval from the PBOC to rate bonds in the interbank market in January 2019. The agency’s first rating for an onshore bond was issued in July 2019.

The latest registration with the CSRC allows S&P to rate bonds and asset-backed securities that are traded or listed for transfer on China’s exchange-traded bond market, with the exception of government bonds.

The agency will also be able to rate the bond issuers, originators, and companies of related securities.




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