21.11.2016 18:58:00
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Moody's: China's launch of credit default swaps is credit positive for asset managers
Hong Kong, November 22, 2016 -- Moody's Investors Service says that China's (Aa3 negative) introduction of credit default swaps (CDS) on the interbank market is credit positive for asset managers, because it provides them with an alternative tool to hedge bond defaults at a time of rising defaults.