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The company was established in 1994, following approval by the People's Bank of China and the State Economic and Trade Division of the People's Republic of China. [1] In May 2009, an agreement of mutual cooperation was signed with Xinhua News Agency, reported as "promoting a national credit rating system". [2]
Fitch has withdrawn all ratings for Libya because it does not have enough information to maintain coverage of the issuer. [375] Malawi. Mali. Mali was given a credit rating in 2004 as part of a UN development initiative, [376] but the rating was later withdrawn. [377] Marshall Islands. Mauritania.
A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely principal and interest payments and the likelihood of default. An agency may rate the creditworthiness of issuers of debt obligations, of debt instruments, [1] and in some cases ...
Moody’s expects China’s annual economic growth rate to slow to 4% in both 2024 and 2025, and average 3.8% a year from 2026 to 2030. Structural factors, including weaker demographics, could ...
But the ratings agency affirmed the country's long-term foreign currency ratings at A-plus, backed by the strength of China's foreign exchange reserves, the world's largest. At the end of 2012 ...
April 9, 2024 at 8:49 PM. BEIJING (Reuters) -Ratings agency Fitch revised its outlook on China's sovereign credit rating to negative on Tuesday, citing risks to public finances as the economy ...
The Big Three credit rating agencies are S&P Global Ratings (S&P), Moody's, and Fitch Group. S&P and Moody's are based in the US, while Fitch is dual-headquartered in New York City and London, and is controlled by Hearst. As of 2013 they hold a collective global market share of "roughly 95 percent" [1] with Moody's and Standard & Poor's having ...
China Chengxin Credit Rating Group. China Chengxin Credit Rating Group (known as China Chengxin, or CCXI) was founded in Beijing on 8 October 1992 through the incorporation of China Chengxin Credit Management Co Ltd (renamed as China Chengxin Credit Management Co. Ltd. in 2002), [1] which is the first nationwide credit rating company of China. [3]