China suspends major credit rating agency as defaults hit market – Financial Times
China suspends major credit rating agency as defaults hit market – Financial Times
China has suspended one of its major credit rating agencies after a former executive was accused of accepting “massive” bribes, as a growing pile of defaults rock the bank. the country’s $ 4 billion corporate debt market. The China Securities Regulatory Commission said on Tuesday that it was temporarily freezing Golden Credit Rating’s license and […]
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