July 11, 2019 / 3:41 AM / 10 days ago

S&P Global China Ratings issues first China domestic credit rating

SHANGHAI, July 11 (Reuters) - Rating agency S&P Global China Ratings said on Thursday that it had assigned an AAA issuer credit rating to ICBC Financial Leasing Co, in the agency’s first rating action of a Chinese domestic issuer.

S&P Global became the first foreign rating agency to receive a license to rate domestic bonds in January this year.

Reporting by Andrew Galbraith; editing by Darren Schuettler

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