Products and services

Dagong Europe Credit Rating srl (Dagong Europe), headquartered in Milan, Italy with a branch office in Frankfurt, Germany, is a wholly-owned subsidiary of Dagong Group. In June 2013, it was registered and received authorisation from the European Securities and Markets Authority (ESMA) as Credit Rating Agency (CRA). In the same year, it was 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.

 

1. Products and services

(1) Public, solicited credit ratings for financial institutions

Main coverage:

Banking

Insurance

Other financial institutions

 

(2) Public, solicited credit ratings for companies

Main coverage:

Infrastructure and architecture

Transportation

Automobile

Manufacturing

Oil and natural gas

Mining, metal and staple commodity

Other industries

Non-resource project (underway) financing

 

(3) Confidential, solicited monitoring ratings

Dagong Europe may receive requests from corporates and financial institutions to evaluate and monitor the credibility of a rated entity. Private rating results are strictly confidential and can only be disclosed by Dagong Europe to areas designated by the rated entity (unless otherwise required by regulations or laws).

 

(4) Confidential, solicited one-time ratings

Dagong Europe may receive requests from corporates and financial institutions to evaluate the credibility of a rated entity within a certain period of time. Private rating results are strictly confidential and can only be disclosed by Dagong Europe to areas designated by the rated entity (unless otherwise required by regulations or laws).

 

(5) Panda Bond ratings

The Panda Bond is a renminbi-denominated bond sold in China by foreign issuers, and its principal and interest need to be repaid within a certain term. In response to the demand for both domestic and international ratings, Dagong will assign both domestic and international credit ratings to the issuer.

Following the Announcement on Dagong’s Domestic and International Credit Ratings on August 6, 2016, Dagong developed and launched the Panda Bond Credit Rating Methodology, specifying two steps:

Step 1: assigning an international rating

Dagong will assign an international rating to the rated entity based on Dagong’s existing rating methodologies.

Step 2: assigning a domestic rating according to the chart below.

The domestic rating is assigned based on the above chart by Dagong’s rating commission.

 

(6) Unsolicited credit ratings

Dagong Europe’s unsolicited ratings are based on acquired facts and public information.

 

For rating services or inquiries, please contact us:

Dagong Europe

Add: Via dell’Orso 8, 20121 Milan, Italy

Tel: (39027) 2746011

Fax: (39027) 2003544

E-mail: contact.us@dagongeurope.com

Website: http://www.dagongeurope.com/index.php