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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; [email protected]

Stock News for Moodys (MCO)
DateTimeHeadline
01/18/201713:22:00Credit Suisse Finalizes $5.3 Billion Deal With U.S. Over Pre-Crisis...
01/17/201707:00:00Dates Set for Moody's Earnings Release and Investor Teleconference
01/17/201706:08:34Current Report Filing (8-k)
01/14/201703:02:00Moody's Settles Ratings Inquiry -- WSJ
01/13/201719:05:00Moody’s Reaches Settlement with U.S. Department of Justice, 2...
01/04/201716:06:25Statement of Changes in Beneficial Ownership (4)
01/04/201716:04:40Statement of Changes in Beneficial Ownership (4)
01/03/201716:03:29Statement of Changes in Beneficial Ownership (4)
12/21/201607:00:00Moody’s Corporation Declares Quarterly Dividend
12/13/201616:07:20Statement of Changes in Beneficial Ownership (4)
12/13/201616:06:29Statement of Changes in Beneficial Ownership (4)
12/13/201616:05:07Statement of Changes in Beneficial Ownership (4)
12/13/201616:04:43Statement of Changes in Beneficial Ownership (4)
12/13/201616:03:51Statement of Changes in Beneficial Ownership (4)
12/13/201616:02:33Statement of Changes in Beneficial Ownership (4)
12/12/201607:42:00Copal Amba meldet Umfirmierung zu Moody’s Analytics
12/12/201605:58:00Copal Amba annonce son changement de nom et prend celui de Moody’s A...
12/12/201600:01:00Copal Amba Announces Name Change to Moody’s Analytics
12/05/201609:49:00Moody’s Receives Top Marks in Corporate Equality Index for F...
12/01/201616:08:52Statement of Changes in Beneficial Ownership (4)

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