Joint credit rating was severely warned and disciplined by the Traders Association for using two sets of rating standards on the same subject.

The China Foreign Exchange Trading System and National Interbank Funding Center announced that, after investigation, United Credit Rating Co., Ltd., as a credit rating agency in the interbank bond market, operates both the 3C rating and issuer delegated rating for the same entity using two different sets of rating standards, which violates the principle of rating consistency. In accordance with relevant self-discipline regulations of the interbank bond market, after review by the self-discipline meeting, United Credit Rating Co., Ltd. received a serious warning and was ordered to conduct a comprehensive and thorough rectification of the rating consistency issues revealed in this incident.