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Moody's KMV Brought "Credit Risks Management Solutions" to China Market
Source: Xinhua News Agency
Date: 20 July 2006
[Click Here for Chinese Translation]
On July 19, Moody's KMV, the world's leading provider of quantitative credit risk solutions, announced its China market launch of the Simplified Chinese version of RiskAnalyst, in a move that will bring the world leading credit risk measurement and management solution to China. With the launch of the Simplified Chinese version of RiskAnalyst, China's financial and non-financial institutions will be able to make lending decisions using internal ratings and analysis of financial statement data based on International Financial Report Standards, said Andrew Huddart, president of Moody's KMV. China's rapidly growing banking industry welcomes the knowledge and experience of global credit risk management experts such as Moody's KMV, said Mr. Xiao Yuanqi, deputy director general of the Banking Supervision Department in the China Banking Regulatory Commission.
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