Moody's moves into China

Moody's agrees to buy a 49% stake China's first credit-rating company.

Moody's Corporation said on Thursday April 13 it agreed to acquire 49% of China Cheng Xin International Credit Rating Co Ltd.

The parent company of one of the big three credit ratings agencies declined to release terms and conditions. But it did say that Moody's will have the ability to increase its ownership over time as permitted by Chinese authorities. The financial impact to Moody's Corporation is not material.

China Cheng Xin Interational, established in 1992, was the first nationwide...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...