trending Market Intelligence /marketintelligence/en/news-insights/trending/TmVH8n8FJYgA4peq1-5LEw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Moody's pursuing majority stake in largest rating agency in China

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Paypal Well-Positioned To Gain Share In COVID-Related Digital Payments Shift

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks


Report: Moody's pursuing majority stake in largest rating agency in China

U.S. rating agency Moody's Corp. declined to comment on a media report that it is seeking to acquire control of the largest corporate ratings company in China, China Chengxin International Credit Rating Co. Ltd.

Moody's reached a "framework agreement" to boost its stake in China Chengxin from 30% to more than 50%, according to a March 11 Bloomberg report citing unnamed sources.

The two companies have sought feedback on the agreement from China's central bank, the People's Bank of China, Bloomberg reported, again citing the unnamed sources.

China Chengxin did not immediately provide a comment on the report.

In January, S&P Global Inc. received regulatory approval from China to begin rating debt there, making it the first U.S. credit ratings company to have a presence in the country's US$10 trillion bond market after Beijing promised to open up the credit rating industry to foreign ownership in March 2018. S&P Global has "first mover" advantage in the market, President and CEO Douglas Peterson said during a Feb. 7 earnings call.