Sep 03, 2012 06:37 PM

Unprofitable China COSCO Holdings Still Gets Top Rating

By intern reporter Wang Shenlu and staff reporter Yang Na

(Beijing) – Beijing-based China Lianhe Credit Rating Co. Ltd. has granted a rating of AAA to unprofitable China COSCO Holdings Co., a move that reveals a split between domestic and international credit rating firms.

COSCO, China's largest shipping company, lost 4.87 billion yuan in the first half of the year, Wei Jiafu, the firm's chairman said on August 30.

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