Domestic agencies tend to rate domestic firms more favourably than their foreign peers, but the difference is particularly striking in China.
A start-up platform that rates fund selectors is seeking more Asia participation, but that could be a tough slog given the low penetration of funds in the region, according to experts.
In the the first of two articles on the newly liberalised Chinese interbank bond market, AsianInvestor finds fund managers keen to tap mainland corporate debt but wary of the risks.
But just as one rival rating agency streamlines its Asia business, another, Trustnet, opens shop.
Rich Nuzum, meanwhile, is transferring to the United States.
Eddy Yang replaces Chris Irwin.