Dagong Europe Credit Rating
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| Industry | Financial Services |
|---|---|
| Founded | 2012 |
| Headquarters | Milan, Italy |
| Website | www |
Dagong Europe Credit Rating srl (Dagong Europe) was established in March 2012 with headquarters in Milan, Italy. In June 2013, it was registered and received authorisation from the European Securities and Markets Authority ('ESMA') under the Article 16 of the Credit Rating Agency (CRA) regulation. It is the first entity to have applied for registration as a CRA with shareholders from the People's Republic of China. It is recognised by the Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA – ESAs) as External Credit Assessment Institutions (ECAI) operating in the European Union. In December 2016, Dagong Europe opened its branch office in Frankfurt, Germany.
Dagong Europe is solely owned by Dagong Global Credit Rating, the leading Chinese rating agency and is a member of the Dagong Global Credit Rating Group.
Dagong Europe provides credit opinions on financial institutions including insurance companies and non-financial corporates.
The board of directors is chaired by Guan Jianzhong as Chairman and Chairman at Dagong Global.
Dagong Europe's Long-Term Credit Ratings consists of ten categories, ranging from ‘AAA’ – the highest credit quality, to ‘D’ – an actual default context.
Each category (except ‘AAA’ and credit ratings below ‘CCC’) can be further divided into three sub-categories:
(+): highest position
No symbol: middle and
(−): lowest position within the category.
The ten categories identify the credit quality of the debt obligators are:
Dagong Europe’s Short-Term Credit Ratings consist of six categories, ranging from ‘A-1’ – the highest financial capacity to fulfill short-term debt obligations, to ‘D’ – default.
The six categories identify the debt issuers's financial strength within the next 12 months are:
The comparison is only indicative and may be subject to changes. (Long-Term = Short-Term)
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