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China Chengxin aims to offer better dim sum ratings
August 06, 2012
The China rating agency has become the first to assess offshore renminbi bonds and believes its assessment methods will confer better ratings. But it needs to demonstrate a trustworthy methodology to convince international investors.
Beijing-based China Chengxin (Asia Pacific) Credit Rating Co. aims to offer an alternative – and more flexible – system of credit ratings in the offshore renminbi bond market, to help coax more mainland companies to seek ratings.
The rating agency only opened...
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