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Top Chinese Ratings Firm Says It’s Changing as Scandal-Hit Industry Starts Overhaul

2021年05月14日 20:28 来源于 财新网
China Chengxin is updating its methodologies in response to criticisms over inflated ratings
China Chengxin is the biggest ratings agency in the country –– of the 14,119 bonds given a rating in 2020, more than 30% were awarded by China Chengxin. Photo: VCG

China’s beleaguered credit ratings companies are beginning to respond to an overhaul of the sector promised by regulators after a string of bond defaults by top-rated companies shook market confidence and exposed deep-rooted problems in the industry.

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