China's rating drop seen as less serious than other issues
Foreign investors are concerned less with Standard & Poor's downgrade of China's sovereign rating than a set of other factors, which are influencing their engagement with its debt market.
China's sovereign rating downgrade by Standard & Poor's (S&P) is unlikely to dampen the sentiment of foreign investors towards the country's bond market, but they are grappling with several other issues about whether to invest more there, say market experts.
S&P cut China's long-term sovereign credit rating from AA- to A+ on Thursday (Friday 22) and reduced the rating of Hong Kong from AAA to AA+, citing the former's mounting debt pile and the latter's strong connectio…
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