(0814 CR M04)DAGONG EXPLAINS MINISTRY'S RATING
- 00:02:50
- The Video News Portal
(0814 CR M04)DAGONG EXPLAINS MINISTRY'S RATING
From Xinhua News Agency: (0814 CR M04)DAGONG EXPLAINS MINISTRY'S RATINGDATELINE: Aug 14, 2011LENGTH: 00:02:45PKGINTROChinese rating agency Dagong Global Credit Rating Co. gives the Ministry of Railways an AAA rating.It has aroused public doubts as the ministry has been under fire over a deadly train collision last month.Dagong elaborated the reasons why they grant an AAA rating to the ministry on Saturday.China Report has the details.PKGThe ministry received the long-term credit rating after launching bond sales on Monday.This is its first bond sales since the fatal train crash on July 23 that killed 40 people near the Wenzhou city of eastern Zhejiang province.It sells 3-billion-dollar worth of three-month bills on offer in the interbank market, with a yield of 5.55 percent.This is a relatively high rate for short-term government paper.However, Dagong's AAA rating to the railway ministry has stirred market doubts as the ministry is already heavily indebted and the accident has stirred up skepticism about its c Powered by www.newslook.com
The Video News Portal | August 14, 2011
