Lates News

The China Foreign Exchange Trading System Interbank Market Dealers Association announced that after investigation, it was found that United Credit Rating Co., Ltd. as a credit rating agency in the interbank bond market, simultaneously running both 3C ratings and issuer ratings for the same entity using two different sets of rating standards violated the principle of rating consistency. According to relevant self-regulatory rules of the interbank bond market, United Credit was given a serious warning and ordered to conduct a comprehensive and thorough rectification of the rating consistency issues exposed in this incident by the self-discipline punishment meeting.