Symbols and Definition of Dagong’s Credit Rating Scale
Table 1. Credit Rating Scales and Definitions of Corporate and Financial Institution Issuer, Borrowing Companies, and Long-term Debt Facility Credit Ratings.
1 The symbols and definitions used for the Borrowing Companies are determined by the People’s Bank of China (PBC) and they are slightly different from the symbols and definitions used for the other four categories of rated targets. However, substantively, the symbols used for Borrowing Companies credit ratings are the similar to the symbols used for Dagong’s Long-term Debt Facility. Generally, the definitions are slightly different in Chinese, but when translated into English, they are almost identical.