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China's own sovereign credit rating report unveiled

07-12-2010 11:50 BJT

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The Chinese company Dagong on Sunday unveiled China's own sovereign credit rating report on Sunday, becoming the first non-Western rating agency to assess the world's sovereign credit and risks.

The report covers 50 countries whose GDP accounts for 90 percent of the world's economy. These countries are rated based on government capability, GDP, financial stability, fiscal balance and foreign exchange reserves.

The Dagong report gives markedly different valuations to 27 countries compared with those given by rating rivals Moody's, Standard&Poors and Fitch. For instance, the United States and France were rated lower due to their slow economic growth and increasing debt burden.

Editor:Xiong Qu |Source: CCTV.com

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