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المشهد العربي
Beijing launches crackdown on credit rating agencies to curb inflation
Financial authorities in China are launching a campaign to regulate credit ratings, as the People's Bank of China has instructed local agencies to review the high ratings they assign to high-yield bonds. The aim is to curb the phenomenon of "rating inflation" and to ensure the quality of asset holdings in the corporate bond market. As a result of these measures, some agencies have withdrawn certain top-tier ratings and suspended the issuance of some new ratings.
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