Three credit rating agencies, from China, Russia and the United States, aim to launch a multilateral ratings organisation to challenge the dominance of the Big Three: Standard & Poor's, Moody's and Fitch Ratings.Thursday, 25 October, 2012, 4:53am
With a growing portfolio, AM Best Asia-Pacific has grown from 18 staff members last year to 22 this year. Susanna Lam, the company's managing director, expects hiring to grow even faster in the near future, due to growth potential in several emerging markets.8 Jun 2012 - 12:00am
Moody's Investors Service yesterday downgraded the rating of Hong Kong-listed mainland farming firm Chaoda Modern Agriculture (Holdings) to Ba3 from Ba2.
The downgrade follows delays in the release of the firm's annual results announcement, which was due last Friday.8 Oct 2011 - 12:00am
Fitch presents financial picture but actions contradict report
Fitch is the latest ratings agency to get in on the China corporate governance issue, which has blown up in the faces of market regulators, accountants, analysts and, of course, the ratings agencies in the wake of the trail of accounting scandals in overseas listed mainland-based private companies.19 Jul 2011 - 12:00am
Moody's issued a report last Monday flagging corporate governance concerns of 61 mainland firms. Longfor Properties (960) received seven flags, or seven areas of concern. The report contributed to a pulled share placement by Longfor of about US$500 million that was attempted on the same day of the Moody's report. Longfor's share price fell 10.5 per cent in the two days following.18 Jul 2011 - 12:00am
The word most uttered over business lunches in Central this week must have been 'Moody's'. The rating agency's 'red flag' report on mainland companies stirred up as much controversy about its own reputation as that of the corporations it rated.16 Jul 2011 - 12:00am
Galaxy Entertainment yesterday vowed to stop using rating agencies after Moody's withdrew rankings issued to the Macau-based gaming operator, the latest sign agencies are struggling to grab business from the growing yuan debt market.10 May 2011 - 12:00am
The boss of China's leading credit rating agency caused a stir last month when he slammed the big three international agencies for issuing ratings that are biased, inaccurate and misleading.2 Aug 2010 - 12:00am
The head of the mainland's largest credit-rating agency believes the failure of the world's top credit-rating agencies to provide warnings of the global financial crisis could give the country a golden opportunity to increase its say in the industry.28 Jul 2010 - 12:00am
The reputation of the big credit-rating agencies took a bashing as a result of their role in the global financial crisis. For these agencies to provide a useful service for investors, they need to have the expertise, independence and courage to make tough calls on the products, companies or indeed nations they rate.15 Jul 2010 - 12:00am
The Securities and Futures Commission may require credit rating agencies in Hong Kong to apply for licences, according to people close to the regulator.15 Dec 2009 - 12:00am
The Hong Kong Mortgage Corp, the largest bond issuer in the city, is facing a possible downgrade of its rating under a review by Moody's Investors Service.4 Jun 2009 - 12:00am
The chairman of Hong Kong's stock exchange operator yesterday suggested creating an Asian-based credit rating agency to restore confidence in the industry and put up safeguards against repeating last year's market collapse.21 Jan 2009 - 12:00am
Shopping hours at The Landmark in Central may be extended, Hongkong Land's head of retail properties, David Martin, says.
The move, which is under review by the developer, was being considered as people had started to stay later in the evening at the retail and commercial complex following the opening of the Landmark Mandarin Oriental hotel there three years ago, he said.1 Dec 2008 - 12:00am
Hong Kong's creditworthiness achieved its highest level ever after Standard & Poor's Ratings Services raised its long-term sovereign rating to AA+ from AA.
The outlook was unchanged at stable.1 Aug 2008 - 12:00am