China’s decision to forgo a rating for its upcoming dollar bonds isn’t fazing a top-performing money manager, who sees the securities as safe as counterparts from Germany.
For one thing, the country has lower public debt burdens than many other major economies, Andy Seaman, chief investment officer at London-based Stratton Street Capital LLP points out. China’s government debt-to-GDP ratio was 44 percent last year, less than half the U.S. and U.K. more than one-third below emerging-market peer India, International Monetary Fund estimates show.
Source:https://www.bloomberg.com/news/articles/2017-10-23/china-credit-quality-on-par-with-germany-says-top-fund-manager