Universal Credit to offer alternative rating view

Universal Credit Rating Group, a new rating agency to be headquartered in Hong Kong, aims to offer an alternative to the big three raters.

Universal Credit to offer alternative rating view
Richard Hainsworth

Credit ratings have long been dominated by the “big three” Moody’s, Standard Poor’s and Fitch but a new firm, Universal Credit Rating Group UCRG, is being established, with aims to challenge the hegemony of the three main agencies.

The group, which is headquartered in Hong Kong, is backed by Dagong Credit, RusRating and Egan-Jones, from China, Russia and the US, respectively.

Richard Hainsworth, chief executive of UCRG, is...

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