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
Other financial institutions
(2) Public, solicited credit ratings for companies
Infrastructure and architecture
Oil and natural gas
Mining, metal and staple commodity
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:
Add: Via dell’Orso 8, 20121 Milan, Italy
Tel: (39027) 2746011
Fax: (39027) 2003544