Dagong global credit rating company enters Poland
February 1, 2013
Dagong – China’s largest credit rating agency has the first Polish client – a listed company operating in the field of raw materials and for years selling its products to China.
The company’s credit rating should be ready in March.
According to Jaroslaw Dabrowski, president of D±browski Finance and expert on Asian markets, Polish companies with Chinese rating will have an easier access to the capital in the Middle East, through e.g. bond issuance.
“At the moment we are preparing rating for a Polish company – the first such rating in Central Europe,” Dabrowski said. “Two weeks ago Dagong analysts came to Poland to visit the company and we expect the rating to be ready in early March.”
The rating prepared for one of the major Polish companies is seen as an important step towards Dagong’s greater presence in the region. The Chinese agency is aspiring to join the ranks of such rating agencies as Fitch, Moody’s and Standard & Poor’s.