HONG KONG -- Chinese regulators on Tuesday suspended the country's largest credit rating agency for failures they said contributed to the default last month of state-owned Yongcheng Coal & Electricity Holding Group.
Yongcheng's failure to redeem the 1 billion yuan ($152.95 million) bond on Nov. 10, just weeks after a fresh debt sale, helped touch off tremors in China's domestic debt market, the world's second largest.
