Lates News

On August 21, according to the website of the China Securities Association, in order to promote the standardized and healthy development of the credit rating business in the bond market and fully leverage the role of credit rating as market infrastructure, the China Interbank Market Dealers Association and the China Securities Industry Association summarized the business development, personnel situation, and self-regulation dynamics of the 15 credit rating agencies in the bond market for the second quarter of 2025. In the second quarter, the 15 rating agencies collectively undertook 3201 bond products, an increase of 22.69% compared to the previous quarter, and undertook 3905 issuer ratings, an increase of 77.50% compared to the previous quarter. In terms of business concentration, the top three rating agencies accounted for 30.66%, 26.29%, and 12.20% of the total market respectively, totaling nearly 70% of the market.