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China debt crunch

Chinese regulator suspends rating agency over Yongcheng default

Moody's-backed Chengxin not allowed to score debt issues for 3 months

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | China

HONG KONG -- Chinese regulators on Tuesday suspended the country's largest credit rating agency for failures they said contributed to the default last month of state-owned Yongcheng Coal & Electricity Holding Group.

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