China Cheng Xin International Credit Rating Co., Ltd. (CCXI) was incorporated in 1999 and is a domestic credit rating agency in the People’s Republic of China. With its headquarters in Beijing and a staff of over 370 professionals as of July 2018, CCXI specializes in providing rating opinions on bonds which are publicly...How are consumers rated by credit rating agencies?
Individual consumers are rated for creditworthiness not by credit rating agencies but by credit bureaus (also called consumer reporting agencies or credit reference agencies), which issue credit scores . The value of credit ratings for securities has been widely questioned.When did Dagong Europe become a credit rating agency?
In June 2013, Dagong Europe Credit Rating was registered and received authorisation from the European Securities and Markets Authority as Credit Rating Agency.How many rating categories does a Chinese CRA have?
Furthermore, Chinese CRAs have very broad rating scales and pool bonds with significantly different default risks into a single rating category, resulting in over 90% of bonds in only three rating categories.