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An initiator of the international credit rating system reform

Vice premier: China backs new global credit rating system

China supports the development of a new international credit rating system that is objective, just, rational and balanced, Chinese Vice Premier Zhang Gaoli said here on Monday.

About UCRG

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

UCRG was launched
in November 2012
in Hong Kong
established in June 2013
2013

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. .

Internal Advisory Council

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