Chinese Asset Managers Review Bond Holdings at 12 Institutions as AAA Rating Scrutiny Intensifies
Updated
Updated · Bloomberg · Jun 29
Chinese Asset Managers Review Bond Holdings at 12 Institutions as AAA Rating Scrutiny Intensifies
1 articles · Updated · Bloomberg · Jun 29
Summary
About a dozen Chinese institutions — including mutual funds and banks — are reviewing bond portfolios for issuers vulnerable to near-term rating downgrades or withdrawals.
The checks follow regulators' push to curb the market's heavy concentration of AAA ratings, prompting investors to run their own credit analysis.
Some managers may cut exposure if they conclude holdings face rating pressure, raising the risk of portfolio reshuffling in China's bond market.