The Telegraph (July 12)
2010/ 07/ 15 by jd in Global News
Dagong Global Credit Rating Co tossed its hat into the ratings ring, offering very different ratings than Fitch, S&P or Moody’s. Dagong is painting “a revolutionary picture of creditworthiness around the world,” exclaims the Telegraph. The Chinese rater puts Norway, Denmark, Switzerland, Australia, New Zealand and Singapore at AAA; China, Germany, the Netherlands and Canada at AA+; the U.S. at AA; Britain and France at AA-; and Belgium, Spain and Italy at A-. Meanwhile, another silent revolution has taken place. Emerging countries now hold $6.3 trillion or 75% of the world’s reserves.
Tags: Creditworthiness, Dagong, NRSROs, Sovereign debt
