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Article: Xinhua Finance Limited (TSE: 9399) Subsidiary Mergent and Moody's Evaluations Inc. Work Together to Provide Comprehensive Offering of Fixed Income Data and Evaluated Pricing Services.
- Article from:
- PR Newswire
- Article date:
- December 11, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SHANGHAI, China, Dec. 11 /Xinhua-PRNewswire-FirstCall/ -- Xinhua Finance Limited ("XFL"; TSE: 9399; OTC ADRs: XHFNY), China's premier financial information and media services provider, today announced that its subsidiary Mergent, Inc. is partnering with Moody's to provide comprehensive terms and conditions data for a wide range of financial instruments. As a part of the same transaction, Moody's is acquiring the assets of Mergent's Pricing and Evaluation Service. Terms of the transaction are not being disclosed.(1)
Under the agreements, Mergent's bond pricing business will be integrated into the newly established Moody's Evaluations Inc., which will focus on ...