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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
05/20/201616:04:15Statement of Changes in Beneficial Ownership (4)
05/18/201617:23:47Statement of Changes in Beneficial Ownership (4)
05/18/201608:30:00New Experian/Moody's Analytics Main Street Report provides insight...
05/15/201609:33:00Correction to Saudi Credit Rating Story
05/15/201605:41:00Saudi Arabia, Gulf Neighbors Suffer Ratings Downgrades on Oil...
05/10/201607:00:00Moody's Corporation to Present at Barclays Americas Select Franchise...
05/04/201606:07:42Quarterly Report (10-q)
04/29/201609:00:00Moody's Results Hurt by Decline in Bond Issuance
04/29/201608:01:48Current Report Filing (8-k)
04/29/201607:00:00Moody's Corporation Reports Results for First Quarter 2016
04/15/201616:08:23Current Report Filing (8-k)
04/13/201607:00:00Moody’s Corporation Declares Quarterly Dividend
04/12/201613:30:00Moody’s Analytics Wins Gold Stevie Award for Sales & Customer S...
04/06/201606:03:36Current Report Filing (8-k)
04/05/201607:00:00Dates Set for Moody's Earnings Release and Investor Teleconference
04/04/201616:03:58Statement of Changes in Beneficial Ownership (4)
04/04/201608:43:09Current Report Filing (8-k)
04/04/201608:30:00Moody’s Investors Service Names Robert Fauber President; Michel M...
04/04/201608:30:00Moody’s Investors Service nomme Robert Fauber au poste de président ;...
04/04/201608:30:00Moody’s Investors Service ernennt Robert Fauber zum President; M...

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