Jun
21
What Matters to Chinese Rating House That Ranks Russia Over U.S.
By
Guan Jianzhong.
Photographer: Nelson Ching/Bloomberg
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Dagong says Russian, Chinese sovereign debt is safer than U.S.
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Rating companies faced questions after 2008 financial crisis
One of China’s three biggest rating companies says it wants to strip political bias from the business of assessing sovereign credit risk. That doesn’t mean the outcome will be any less jarring.
Even with Russia mired in its second year of recession and whipsawed by the crash in oil, Dagong Global Credit Rating Co. still has its foreign-currency government debt at A with a stable outlook, the sixth-highest investment level and one above the U.S. China, whose economy last year grew the slowest since 1990, carries a sterling AAA credit rating from Beijing-based Dagong…
What Matters to Chinese Rating House That Ranks Russia Over U.S.
