Dagong Europe Credit Rating is no longer a subsidiary of Dagong Global Credit Rating since 2019. It then changed name to DG International Ratings SRL. The European Securities and Markets Authority(ESMA) has withdrawn the credit rating agency (CRA)registration of DG International Ratings SRL(previously Dagong Europe Credit Rating Srl)(DG International).

History

It was established in March 2012 with headquarters in

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

Italy Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

. In June 2013, it was registered and received authorization from the

European Securities and Markets Authority The European Securities and Markets Authority (ESMA) is an agency of the European Union located in Paris. ESMA replaced the Committee of European Securities Regulators (CESR) on 1 January 2011. It is one of three European Supervisory Authori ...

('ESMA') under the Article 16 of the Credit Rating Agency (CRA) regulation. It is the first entity to have applied for registration as a CRA with shareholders from the People's Republic of

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. It is recognized by the Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA – ESAs) as External Credit Assessment Institutions (ECAI) operating in the European Union. In December 2016, Dagong Europe opened its branch office in

Frankfurt Frankfurt am Main () is the most populous city in the States of Germany, German state of Hesse. Its 773,068 inhabitants as of 2022 make it the List of cities in Germany by population, fifth-most populous city in Germany. Located in the forela ...

Germany Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

. Dagong Europe is solely owned by its parent company, Dagong Global Credit Rating. The parent company stated that it has used "

dialectical materialism Dialectical materialism is a materialist theory based upon the writings of Karl Marx and Friedrich Engels that has found widespread applications in a variety of philosophical disciplines ranging from philosophy of history to philosophy of scien ...

" as part of its evaluative approach. In 2018, the parent company's operations were suspended following accusations of corruption and doctored ratings in exchange for fees. In 2019, the parent company was nationalized.

References

External links

* {{Official website Credit rating agencies Financial services companies of Italy Italian companies established in 2012 Companies based in Milan Government-owned companies of China zh:大公欧洲资信评估