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CTRISKS announces corporate rating results Q3 2011 for listed companies in Greater China
CTRISKS Rating Limited (“CTRISKS”) publishes the corporate credit ratings Q3 2011 for listed companies in Greater China, covering mainland China, Taiwan and Hong Kong.
A number of downgrades also occurred within the food product, the farming and the fishing sectors. These sectors have been impacted by a number of factors, including increased scrutiny on corporate governance and efforts by local governments to curb food price inflation.
Following an extensive rating review in Q2 2011, the ratings of real estate developers within Greater China have remained resilient over the last quarter with five downgrades across the sector. CTRISKS will remain vigilant as further tightening of monetary policy and regional lending practices could dampen companies’ creditworthiness.
The results for all 4,570 rated entities in Q3 2011 are now available to CTRISKS’s subscribers.