Path:Sino-US›› Hot Topics>> 2012>> Credit Ratings>> Media››
Credit ratings agencies from China, Russia and the US join forces

Three independent credit ratings agencies from China, Russia and the United States launched an international venture to end the dominance of the “Big Three” credit ratings agencies: Standard & Poors, Moody’s Investors Service and Fitch Ratings.

 

The venture participants said the effort would be impartial, and accused the world’s leading agencies, all of them American, of serving the U.S. government, according to The Financial Times.

 

The companies, Dagong Global Credit Rating of China, Egan-Jones Ratings of the U.S. and Russia’s RusRatings, said the intent is to change the assessing of risk in global finance and reform the international credit ratings system.


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