I appeared this weekend on China Network Television to discuss the efforts of Chinese rating agency Dagong to crack the market currently dominated by Moody’s, Standard & Poor’s and Fitch. As badly as the U.S.-based agencies have botched things, it is going to take a while for anyone to break their grip on the market, as I discuss with two other hard-hitters. You give us 22 minutes, we give you the world, etc.
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