China’s top credit assessor bans new business for three months – The Wall Street Journal
China’s top credit assessor bans new business for three months – The Wall Street Journal
China’s leading credit rating firm was banned from rating new bonds for three months after an investigation found it ignored red flags from a state-owned coal miner whose the default last month rocked the country’s bond market. China Chengxin International Credit Rating Co. had an AAA rating on the miner after failing to repay the […]
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