China’s securities regulator has issued a warning to the local subsidiary of S&P Global Inc. for failing to comply with rules on consistency and information disclosure, as authorities step up efforts to curb inflated credit ratings.
The Beijing bureau of the China Securities Regulatory Commission released the warning letter on Tuesday, ordering S&P Ratings China Co. Ltd. to immediately carry out a comprehensive rectification. The regulator instructed the firm to strengthen quality control in its rating operations and improve the standardization of information disclosure.
