China Chengxin abruptly removes the newly published guidelines from its website following speculation the mechanism was designed to dodge regulatory scrutiny
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China Chengxin International Credit Rating Co. Ltd. Photo: VCG
Concerns grow that some issuers may be terminating ratings to avoid downgrades
Regulators tighten scrutiny on weaker issuers, prompting a wave of rating terminations as companies scramble to avoid downgrades
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Rating agencies must map domestic grades to international scales starting Aug. 1 or face a registration ban
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