Credit profiles of many top China corporates to weaken in slowdown: S&P

HONG KONG - China's current economic slowdown is likely to contribute to weakening credit profiles for many of the country's major companies, according to Standard & Poor's annual survey on China's top corporates. The report examines the credit profiles of 151 major Chinese companies from a pool of the largest domestic bond issuers and biggest revenue-earners, as well as companies that are representative of their industries. Three-quarters of these are State-owned enterprises (SOEs), a decline from 88% in the  2012 sample.