Chinese non-listed financial groups target overseas ratings

Companies such as China Orient Asset Management and Bank of Shanghai are looking for credit ratings from global rating agencies, in an effort to convince investors of their credibility during offshore fundraisings.
Fitch and Standard & Poor’s on Friday assigned COAM A- and BBB+/A-2, respectively, with a stable outlook.
Fitch and Standard & Poor’s on Friday assigned COAM A- and BBB+/A-2, respectively, with a stable outlook.

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