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Posted on January 25th, 2012
2012 witnesses the fifth year of the global financial crisis. However, instead of the crisis phasing out gradually, Dagong forecasts it will be upgrading further, which means that currency crisis is burgeoning from the current sovereign debt crisis. According to Dagong, “in this year, the escalating of the euro zone sovereign debt crisis [...]
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Posted on February 1st, 2011
Dagong Global Credit Rating Co., Ltd. (hereinafter referred to as “Dagong”) launched its first 2011 Sovereign Credit Risk Outlook on January 27, 2011, analyzing the changes in development of sovereign credit-debt system and predicting the trend of global credit risks and international credit relations. Dagong estimates that the global governments’ total debt will [...]
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Posted on January 2nd, 2011
The most recent financial crisis was the most unprecedented in the history of human society; it unveiled the laws governing the credit economy: The contradiction between the socialization of credit and the asymmetry of credit risk information exists throughout the whole process of the credit economic society. As a result, it is inevitable [...]
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Posted on November 14th, 2010
Dagong has downgraded the local and foreign currency long term sovereign credit rating of the United States of America from “AA” to “A+“, which reflects its deteriorating debt repayment capability and drastic decline of the government’s intention of debt repayment.
The serious defects in the United States economic development and management model [...]
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Posted on October 24th, 2010
After issuing sovereign credit ratings on 50 countries on July 11, 2010, Dagong Global Credit Rating Co., Ltd. releases the credit ratings on nine countries and regions, including Hong Kong, thus, increasing the number of issued sovereign credit ratings to 59. The newly issued credit ratings on the nine countries and regions are [...]
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