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.
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”
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- Huarong got the green light on June 28 to issue up to 30 billion yuan in bonds. Photo: VCG
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