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S&P Wins Beijing’s Approval to Offer Credit-Rating Services in China

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China’s central bank gave approval for S&P Global to begin offering credit-rating services in the country, the first of the big global rating companies to win such access

 

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I wonder how long will this last considering the “fuzzy” math of the Chinese banks

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China central bank approves S&P Global's entry into China's credit rating marketChina's central bank said on Monday it had approved the entry of S&P Global... Why? They helped caused 2008 subprime crisis by rating rubbish papers AAA. Central Banks is an Oxy Moron, if central means “one center” how can you have Banks? Wouldn’t it have been BANK
Source: Reuters - 🏆 2. / 97 Read more »