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Moody's request for private hearing on appeal rejected

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A HONG Kong tribunal has rejected a private proceeding request by Moody's Investors Service for its appeal against a HK$23 million (S$3.9 million) penalty and public reprimand imposed by the city's securities regulator.

Hong Kong

A HONG Kong tribunal has rejected a private proceeding request by Moody's Investors Service for its appeal against a HK$23 million (S$3.9 million) penalty and public reprimand imposed by the city's securities regulator.

The rating company didn't build a sufficient case

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