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Fitch Ratings opens Shanghai office
By Feng Jianmin |
September 20, 2012, Thursday
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Online Edition
Online Edition
FITCH Ratings Ltd yesterday opened its Shanghai branch to meet the growing need of Yangtze Delta companies that want to expand overseas.
"We see the increasing need of private companies to raise funds overseas by issuing bonds," said Kwong Li, head of Fitch Raitings China. "Buy-out opportunities are emerging as economy in the West is weakening."
Li said they will mainly rate companies southern of the Yangtze River when they issue bonds overseas.
The Shanghai branch is expected to go into full operation next year after recruiting five to 10 employees, about the same staff size as in the Beijing branch.
"We see the increasing need of private companies to raise funds overseas by issuing bonds," said Kwong Li, head of Fitch Raitings China. "Buy-out opportunities are emerging as economy in the West is weakening."
Li said they will mainly rate companies southern of the Yangtze River when they issue bonds overseas.
The Shanghai branch is expected to go into full operation next year after recruiting five to 10 employees, about the same staff size as in the Beijing branch.
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