March 25, 2008

China dairy association releases first enterprises credit rating

The China Dairy Industry Association announced the first batch of dairy enterprises credit rating evaluation, with 17 enterprises given AAA ratings.

The association's credit rating evaluation includes the enterprise's management ability, operational capacity, financial indicators, credit history and social responsibility.

China's system includes five rating levels, with AAA as the highest, followed by AA, A, B and C in that order.