Record Defaults by Chinese Companies: Fake “Cash” & Fake Accounting by Wolf Richter • Jan 23, 2019 • 54 Comments Painful moment of truth for banks & investors. “Uncertainty over the accuracy of the companies’ books and disclosure of pertinent information”: Fitch
Dagong, which Slashed the US to BBB+, Suspended in China for Selling Fake AA and AAA Ratings to Chinese Outfits by Wolf Richter • Aug 20, 2018 • 32 Comments China struggles to contain its corporate bond morass.
