1. Credit Ratings In China Can Be Mere Guesswork.
- Author
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Baglole, Joel
- Subjects
- *
CREDIT ratings , *CORPORATE finance , *CORPORATION reports , *CREDIT risk , *CREDIT bureaus , *CREDIT scoring systems , *RATING agencies (Finance) , *DISCLOSURE , *FINANCIAL disclosure , *TRUTHFULNESS & falsehood , *RISK assessment , *MISLEADING financial statements - Abstract
Focuses on the efforts of credit-rating companies to accurately assess the credit risks of Chinese corporations. Increase in demand for credit ratings -- an assessment of how willing and able a borrower is to repay debts -- resulting from Chinese companies demand for international investors; Discussion of accounting standards and corporate governance of Chinese companies, suggesting credit-rating research may be based on misleading financial statements; Comments from Brian Colton of Fimalac SA's Fitch Ratings, regarding the conflicting economic data issued by the government of China; Potential of the Chinese market, suggesting the accurate assessment of its corporations is key to investors.
- Published
- 2004