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  • Dec 26, 2014
  • Updated: 11:01pm

Credit Rating

Standard & Poor's says BOC, CCB are solvent

Bank of China and China Construction Bank were declared technically solvent yesterday for the first time by Standard & Poor's.

Friday, 30 July, 2004, 12:00am

Standard & Poor's says BOC, CCB are solvent

Bank of China and China Construction Bank were declared technically solvent yesterday for the first time by Standard & Poor's.

The decision comes after a capital injection into the two state-owned commercial banks by the government and recent sales of non-performing loans.

30 Jul 2004 - 12:00am

Citigroup settles US$2.6b fraud suit

WorldCom stake holders provided for as investment bank raises legal reserves

Citigroup will pay US$2.65 billion to settle a class-action suit brought by holders of WorldCom stocks and bonds who claimed it had participated in the massive fraud with the telephone company, now known as MCI.

11 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Johnson Electric Holdings

Closing price: $7.25

Target price: $10.26

Share price performance (%)

1wk: 5.07

3mths:27.63

1mth:17.71

1yr:19.55

8 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Harbin Brewery Group

Closing price: $3.225

Target price: $4.20

Share price performance (%)

1wk: 3

3mths:0.78

1mth:10.41

1yr:40.21

5 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Denway Motors

Closing price: $8.85

Target price: $11.10

Share price performance (%)

1wk: 3.27

3mths:7.36

1mth:0.56

1yr:173.4

24 Mar 2004 - 12:00am

Ratings agencies don't always get it right, says Tang

Financial Secretary Henry Tang Ying-yen has hit out at criticism of his budget by international ratings agencies.

'They're not always right,' Mr Tang told a post-budget Legislative Council session yesterday when asked about the criticism.

12 Mar 2004 - 12:00am

Moody's may upgrade China Mobile

Moody's Investors Service has placed China Mobile under review for a possible upgrade due to its stronger financial profile.

The credit ratings agency yesterday said China Mobile, the world's largest mobile carrier with 160 million users, had demonstrated its ability to manage growth - both organic and through acquisitions - leading to a more sustainable business.

3 Mar 2004 - 12:00am

Moody's may upgrade China Mobile

Moody's Investors Service has placed China Mobile under review for a possible upgrade due to its stronger financial profile.

The credit ratings agency yesterday said China Mobile, the world's largest mobile carrier with 160 million users, had demonstrated its ability to manage growth - both organic and through acquisitions - leading to a more sustainable business.

3 Mar 2004 - 12:00am