Daily Archives: July 13th, 2010

China Business – Rating agency could break foreign firms’ oligopoly

China’s Dagong Global Credit Rating became the first non-Western rating agency to assess sovereign credit risks countries around the world. This move is aimed at removing the reliance on foreign agencies, some of which played a role in exacerbating the financial crisis. Dagong Global Credit Rating issued its first sovereign credit report for 50 countries [...]