(Yicai Global) July 11 -- S&P Global China Ratings has given a triple-A rating to bonds issued by ICBC Leasing with a stable outlook, marking the first time a foreign-owned agency based in China has officially rated local bonds, the Beijing-based subsidiary of Standard & Poor's Financial Services said today.

Set up in June 2018, the unit got regulatory permission in January to conduct its ratings business in the local market.

Editor: James Boynton