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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: -By China Bureau, Dow Jones Newswires; (8610) 8400-7799;

Stock News for Moodys (MCO)
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10/02/201516:08:57Statement of Changes in Beneficial Ownership (4)
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10/01/201516:05:12Statement of Changes in Beneficial Ownership (4)
09/30/201507:00:00Moody's Corporation Reaffirms Full-Year 2015 Guidance
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09/17/201516:02:00Moody’s Corporation to Webcast 2015 Investor Day
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09/16/201513:00:00Moody’s Analytics to Demo Expanded Structured Finance Portal
09/11/201516:11:05Statement of Changes in Beneficial Ownership (4)
09/11/201516:10:13Statement of Changes in Beneficial Ownership (4)
09/11/201516:08:54Statement of Changes in Beneficial Ownership (4)
09/11/201516:07:36Statement of Changes in Beneficial Ownership (4)
09/11/201516:06:19Statement of Changes in Beneficial Ownership (4)
09/11/201516:05:24Statement of Changes in Beneficial Ownership (4)
08/18/201516:08:55Statement of Changes in Beneficial Ownership (4)
08/17/201516:06:50Statement of Changes in Beneficial Ownership (4)
08/11/201518:28:57Moody's Downgrades Brazil to Edge of Junk Territory -- 2nd Update
08/11/201517:47:31Moody's Downgrades Brazil to Edge of Junk Territory -- Update

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