Hong Kong Appeal Tribunal Fines Moody's $1.4 Million for Report

  • Credit-ratings service will also receive public reprimand
  • Moody's was found to have breached duties as rating agency

A Hong Kong tribunal said Moody’s Investors Service must pay a HK$11 million ($1.4 million) penalty for a report it issued in 2011 raising concerns about Chinese companies.

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