From Straits Times
''Chinese ratings agency Dagong said on
Tuesday it was tying up with US and Russian partners to form a new
"independent" group to rival US-based agencies it claims have "proven
inadequate".
The Chinese firm will set up the joint venture with Egan-Jones
Ratings Co. (EJR), based in Pennsylvania, and Russia's RusRating JSC, it
said in an invitation for a press conference on Wednesday to unveil the
new company.''
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