Chinese Dagong Global Credit Rating Company and the Russian and U.S. partners are launching a new venture to challenge the dominance of the major rating agencies are accused of contributing to the global financial crisis.
Officials said on Tuesday that the world credit rating group aims to "provide some balance" of the industry, traditional cornered Moody, Standard & Poor's and Fitch.
Big Three institutions established under fire for high ratings to complex mortgage and other debt pools. U.S. government sued Standard & Poor's of misleading investors invest in high-quality mortgages, the rapid growth in the crisis erupted in late 2008.
Archduke RusRating, headquartered in the United States Egan - Jones rating will have an equal share of the business, which will have an initial investment of $ 9,000,000.
 



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