dagong europe credit rating

Dagong Europe Credit Rating S.r.l. was a credit rating agency (CRA) established in Milan, Italy, as a subsidiary of the Chinese state-owned Dagong Global Credit Rating. The company aimed to provide independent and objective credit rating services for the European market, positioning itself as an alternative to the major established agencies. However, its operations ceased after the European Securities and Markets Authority (ESMA) withdrew its registration as a CRA in March 2019, citing significant and persistent breaches of regulatory requirements.