| Journal Call no. | AP8.H67 |
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| Author | Shale, Tony. |
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| Article Title | Bank and dismal / Tony Shale. |
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| Is Part Of | Hong Kong tatler ; v.20, no.237, Nov 1996, p.52, +1p., illus. |
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| Abstract | In 1995 the US credit rating agency Moody's Investors Service branded three of the Chinese banks with E-plus ratings - just off the bottom of an A to E heap - and the remaining two with a D and a D-plus for their 'stand-alone' strength. Moody's new calibration, called the Bank Financial Strength Ratings, is intended to offer an independently-assessed view of a bank's "intrinsic safety and soundness". Unlike its more traditional ratings which measure a bank's true credit risk and give the Chinese institutions relatively higher grades, Moody's wants these to give an insight into a bank's ability to act independently and withstand external pressures. |
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