The People’s Bank of China (PBOC) is leading efforts to push domestic credit rating agencies to curb the overconcentration of AAA ratings in the onshore bond market, Bloomberg reported, according to Ming Pao.
The move aims to improve rating quality and strengthen ratings’ ability to identify and differentiate credit risks among different issuers. The PBOC did not immediately comment on the report.
PBOC Said to Push Domestic Rating Firms to Curb Overconcentration of AAA Bond Ratings
2026-06-25 02:40:18
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