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An initiator of the international credit rating system reform

Innovating One-Belt,N One-Road Cross- Border Financing Tools and Building a New International Rating System: A Statement Proposed by the UCRG International Advisory Council

On the morning of July 19th, 2016, the 2016 World Credit Rating Forum was held in Beijing. At the meeting, Universal Credit Rating Group (UCRG), one of the Forum’s organizers,N proposed a statement to integrate credit rating into the world’s economic governance system.
  • The World Credit Rating Forum Builds Up Shelter From the Storm of the Second Credit Crisis

    When the 2008 crisis abruptly stormed the financial market, the world was astonished to see the Wall Street, the FED, multiple financial institutions, homebuilders, and even the government of United States left stunned and unprepared. Ironically, upon the crisis,N the ‘Big Three’ credit rating agencies still maintained a high rating towards the U.S. without recognising the fact that such a rating would never support a robust economy. The world was forced to face not only the outrageous subprime credit crisis but also a predicament for the global economy and credit distribution.
  • Summit on Construction of Asian Credit System Held in Beijing

    Summit on Construction of Asian Credit System, sponsored by Universal Credit Rating Group (UCRG) and organized by Dagong Global Credit Rating Co., Ltd. was held under the support of the Ministry of Foreign Affairs and China Center for International Economic Exchanges (CCIEE) on 23rdJune, 2014, in Beijing.

About UCRG

Universal Credit Rating Group (UCRG) is a new type multi-lateral international credit rating agency,embodying the common interest of humanity.

The World Credit Rating Forum was held
on July 18th, 2016
in Beijing

After the global financial credit crisis of 2008, the international community called for commitment to reform the existing international credit rating system and establish a new international credit rating system that represents the common interest of mankind and undertake the responsibility of assigning ratings to entities across the world. It is against this backdrop Universal Credit Rating Group (UCRG) was founded. UCRG is a new type of multi-lateral international credit rating agency aimed at being sponsored by representative agencies from every jurisdiction.

Chairman's Message

UCRG's purpose is to promote the establishment of a new type of international credit rating system providing an alternative rating for the pervasiveness of credit relationships while the current international rating system with sovereign-owned characteristics is running, so that a new rating architecture featuring co-existence of two rating systems, openness, inclusiveness, inter-complementary and counter-balancing will be created.

Universal Credit Rating Group

The global credit crisis has made the international community awaken to the fact that credit rating has a stake in the sound development of human society, the western-dominated global rating system is no longer capable of undertaking the responsibility of assigning credit ratings to entities across the world and thus a new international rating system representing the common interest of humanity must be launched. Such awareness, reflecting the mainstream mindset of the modern era, has actuated the reform of the global rating system. It is against this backdrop, UCRG was founded.

Reform the International
Rating System

UCRG is a new type of multi-lateral international credit rating agency aimed at being sponsored by representative agencies from every jurisdiction. .

International Advisory Council

The International Advisory Council of UCRG (IAC) was launched, with Mr. Dominique de Villepin,
former Prime Minister of France, as its Chairman.