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Moody’s Withdraws Chinese Conglomerate Fosun’s Credit Ratings
Web2 hours ago · Moody’s withdrew Fosun International’s B2 corporate family and senior unsecured bond ratings, it said in a statement Friday. Prior to the move, Fosun’s rating outlook was negative. Moody’s said it made the decision because it believes it has insufficient or inadequate information to support the maintenance of the ratings. WebA credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. [1] WebComptroller’s Handbook 1 Rating Credit Risk . Rating Credit Risk . Introduction. Credit risk is the primary financial risk in the banking system and exists in virtually all income-producing activities. How a bank selects and manages its credit risk is critically important to its performance over time; indeed, capital building division polk