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Russia, China and US challenge rating agencies
A new agency is about to appear in the rating business that will be created by the Russians, Chinese and Americans. The agency Universal Credit Rating Group that claims to be a global player, came into being in Beijing and is the joint brainchild of the Chinese rating agency Dagong Global, the American Egan-Jones, and Russian RusRating.
Earlier, AFP reported that the Chinese rating agency Dagong planned...