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Dagong Global Credit Rating (Chinese: 大公国际资信评估有限公司; pinyin: Dàgōng Guójì Zīxìn Pínggū Yǒuxiàn Gōngsī) is a state-owned credit rating agency based in China.
As a pioneer in setting up credit rating standards on industries, regions and sovereignties in China, Dagong participated in designing and popularizing most of domestic debt instruments, and is also leading the credit rating market in corporate bonds, financial bonds and structured financing bonds.
Dagong Global Credit Rating (Chinese: 大公国际资信评估有限公司; pinyin: Dàgōng Guójì Zīxìn Pínggū Yǒuxiàn Gōngsī) is a state-owned credit rating agency based in China.
The Big Three credit rating agencies are S&P Global Ratings (S&P), Moody's, and Fitch Group. S&P and Moody's are based in the US, while Fitch is dual-headquartered in New York City and London, and is controlled by Hearst.
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. [1]
Aug 8, 2019 · One of the first was the nonhumbly named Dagong Global Credit Rating. ( Dagong means “great commons.”) Like others, its first decade was nondescript, as China’s bond market was tiny, opaque...
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Jun 27, 2019 · For example, Dagong Global Credit Rating Co. recently got into trouble for assigning high ratings to companies that subscribed to their expensive software packages. It is therefore not...
