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RATINGS

A Slim Ratings Docket On Friday

     BEIJING (MNI) - The People's Bank of China skipped its open-market
operations on Tuesday, citing "moderate" liquidity in the banking system after
absorbing the impact of maturing reverse repos.
     This results in a net drain of CNY130 billion for the day, as a total
CNY130 billion in reverse repos matures on Tuesday. 
     Today is the 12th straight trading day that the PBOC skipped open market
operations.
     The CFETS-ICAP money-market sentiment index ended at 46 on Monday, up from
33 at Friday's close. A higher reading indicates reduced liquidity in the
interbank market.
     The benchmark seven-day repo average was last at 2.6500%, down from 2.6963%
on Monday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]