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PBOC Gov Zhou: China Shouldn't Rely On Foreign Rating Cos--Report

BEIJING -(Dow Jones)- China should reduce its reliance on overseas credit-rating companies and the country's big financial institutions should strengthen their internal ratings research and make their own judgments, local news portal Tencent reported Sunday, citing People's Bank of China Gov. Zhou Xiaochuan. The current three biggest global rating companies are not the best choices, and when judging economic situations, China could consider using a "double-rating" model that focuses on suggestions by domestic rating companies and merely refers to information by overseas ratings companies, Zhou was cited as saying. The State Council, China's cabinet, has given the nod to the PBOC to regulate the country's credit-rating companies, making the central bank the sole regulator of the industry, local media reported last week. Newspaper website: http://www.qq.com/ -By China Bureau, Dow Jones Newswires; (8610) 8400-7799; djnews.beijing@dowjones.com

Stock News for Moodys (MCO)
DateTimeHeadline
07/02/201516:05:58Statement of Changes in Beneficial Ownership (4)
07/02/201507:00:00Dates Set for Moody's Earnings Release and Investor Teleconference
07/01/201516:06:05Statement of Changes in Beneficial Ownership (4)
06/18/201516:36:45Annual Report of Employee Stock Plans (11-k)
06/11/201516:21:43Statement of Changes in Beneficial Ownership (4)
06/11/201516:08:11Statement of Changes in Beneficial Ownership (4)
06/11/201516:07:45Statement of Changes in Beneficial Ownership (4)
06/10/201518:16:51Statement of Changes in Beneficial Ownership (4)
06/10/201518:14:49Statement of Changes in Beneficial Ownership (4)
06/10/201518:12:21Statement of Changes in Beneficial Ownership (4)
06/03/201513:00:00Moody's Corporation to Present at Investor Conferences
05/29/201509:00:00Moody’s Analytics: Slowdown over, Fed on Tap to Raise Rates
05/21/201516:09:41Statement of Changes in Beneficial Ownership (4)
05/20/201512:15:10What Is the S&P 500 Index?
05/14/201516:10:23Current Report Filing (8-k)
05/13/201516:04:25Statement of Changes in Beneficial Ownership (4)
05/12/201519:19:08Moody's Cuts Chicago's Debt to Junk
05/11/201516:07:42Statement of Changes in Beneficial Ownership (4)
05/11/201516:06:21Statement of Changes in Beneficial Ownership (4)
05/08/201516:06:14Statement of Changes in Beneficial Ownership (4)

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