Generally speaking, international credit rating agencies are third-party professional organizations that "score" the repayment ability and desire of enterprises or countries. Among the rating objects, the former is the main body of commercial activities, and the latter is the sovereign entity of the international community.

Some people say that there are two superpowers in the world, one is the United States and the other is Moody's, which is one of the most famous international rating agencies.

At present, the most famous international credit rating agencies in the world are Standard & Poor's, Moody's and Fitch, all American companies, which control more than 90% of the global market and earn more than $5 billion a year. And these three American rating giants have penetrated (controlled) two-thirds of China's rating market. The debt crisis spreading in Europe today can be said to have something to do with rating agencies repeatedly singing empty euro zone government bonds.

Some local credit rating agencies in China, such as Dagong International, began to try to enter the international rating market. 20 1 1 Dagong international won the rating contracts of Malaysian and Portuguese banks, which broke the monopoly of S&P, Moody's and Fitch International for the first time and entered the international market.

We believe that with the development of China's economic strength and good business environment, China's rating agencies will definitely go global.