三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Economy

Markets

Industries

Insights

Reports

Events

ROK, Japan, China to launch regional credit rating system

(Xinhua)
Updated: 2009-10-21 17:18

A South Korean corporate credit appraisal agency said Wednesday it has sealed an agreement to build a regional credit rating system with two credit raters of China and Japan, hoping for better appraising Asian companies and bonds.

According to Nice Investors Services Co, it has reached a resolution in a forum with Japanese credit rater Ratings and Investment Information Inc and Chinese firm Dagong Global Credit Ratings Co.

Related readings:  China unveils first sovereign credit rating standards  Govt studies credit rating system  Negative credit records to be kept for seven years  Credit rule to guard personal privacy

The move comes in a joint effort to better reflect regional conditions specific to the Northeastern nations in the current rating system, the local credit rating company said.

A shared standard among the three countries is essential to independently evaluate and compare bonds denominated in local currencies of the three countries, it added.

"A trustworthy credit rating system is a prerequisite for the development of the Asian bond market," an official of Nice Investors Services was quoted as saying at the forum.