Econ and Finance - 04 Jul 2017

Foreign ratings agencies get the go ahead

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We’ll take what we can get.

China’s central bank is now saying that it will allow foreign ratings agencies to rate bonds issued in the interbank market. The PBoC outlined the rules for foreign firms to do so on Monday. It’s a small opening, but it is an opening nonetheless.

What it means...

Snuh-ohez.

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