Moody's to buy credit rater shares
(China Daily)
Updated: 2006-04-14 15:40
Global credit rating firm Moody's Corporation yesterday announced it had
signed the largest share purchase deal so far in the country's credit rating
sector.
Moody's signed a definitive agreement with China Chengxin Credit
Management to buy a 49 per cent stake in its credit rating agency, China
Chengxin International Credit Rating Co (CCXI).
The transaction is
subject to later regulatory approval by the central bank.
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