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Exclusive: Huarong Gets Top Rating on Bond Sale Despite Scandals, Profit Slump

2019年08月02日 19:46 来源于 财新网
Chinese ratings agency gives bad asset manager ‘AAA’ rating due in part to its ability to receive “continuous support from the central government”
Huarong got the green light on June 28 to issue up to 30 billion yuan in bonds. Photo: VCG

China Huarong Asset Management Co. Ltd., one of the country’s “Big Four” bad asset managers, has received a “AAA” rating on its upcoming bond issuance despite the involvement of its former Chairman Lai Xiaomin in a corruption scandal, Caixin has learned.

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