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New global rating of Russia and China

06.08.2018

Chinese rating agency Dagong reported the start of creating a joint project with companies from the USA and the Russian Federation. The result of this activity should be an independent rating group that will demonstrate greater professionality and adequacy in the services market. Since, according to Dagong, the current method of evaluating international credit organizations is poorly functioning and now the most suitable moment to enter this market of a completely new economic institution. And suitable gifts for your customers and partners can be business souvenirs, which can be ordered in the advertising group region.

The partners of the Chinese agency will be the American company Eganes Jones Ratings and the Russian stalls of Rus-Rating, and the upcoming project will be given the name of the Universal Credit Rating Group. The company will not represent the interests of one state, but will become a certain worldwide project. Famous American agencies Standard & Poor’s, Fitch and Moody’s, after the World Crisis, they received a large number of criticism and accusations for the unreasonable raising of the cost of a number of securities. In connection with which they lost the steps of the rating and trust in their brand.

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Dagong, has been working on the service market for a long time. But to compose decent competition of the “big American triple” until that time was not possible. Calculation of indicators according to the methodology published in 2011, the agency is calculated in a different way, paying more attention to the indicators of GDP changes. And according to their data, only China and Scandinavia countries occupy the highest positions, and many countries have lower indicators compared to Standard research results & Poor’s, Fitch and Moody’s. Dagong partners to create Universal Credit Rating Group Rus-Rating and Egan Jones Ratings are officially recognized statistical agencies with work experience for more than 10 years.

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