HK regulator blasts Moody's for 'shoddy' report on China companies
Hong Kong
HONG Kong's securities regulator said on Friday that a Moody's Corp report questioning corporate governance at 49 Chinese firms was "shoddy" and "unprofessional" - a report the ratings agency said it stood by even though it contained errors.
The Securities and Futures Commission (SFC), citing internal Moody's emails, said articles critical of Chinese companies by international newspapers and research firms had prompted Moody's to "scrub" the list of Chinese companies whose credit it rated.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons