Here's What China's New Credit Ratings Agency Really Thinks About America And Europe

ksnalknvasdv

When an upstart credit rating firm rated America below China, we called it a genius publicity stunt. You could also call it propaganda. But after the dismal performance of Moody’s and S&P during the financial crisis, it’s hard not to pay some attention to China’s Dagong.

Dagong ding’s America to Aa2. France and the UK fall even further.

So who do you believe?

Aaa: Norway, Denmark, Luxembourg, Switzerland, Singapore, Australia, New Zealand

Moody's agrees with all ratings.

Source: Dagong and Moody's

Aa1: Canada, Netherlands, China, Germany

Moody's thinks better of Canada, Germany and Netherlands: Aaa

Moody's thinks worse of China: A1

Source: Dagong and Moody's

Aa2: Saudi Arabia and US

Moody's thinks better of America: Aaa

Moody's thinks worse of Saudi Arabia: Aa3

Source: Dagong and Moody's

Aa3: Japan, South Korea, UK and France

Moody's thinks better of Japan: Aa2

and France and the UK: Aaa

Moody's thinks worse of South Korea: A1

Source: Dagong and Moody's

A1: Belize and Chile

Moody's thinks better of Chile: Aa3

Moody's thinks worse of Belize: B3

Source: Dagong and Moody's

A2: South Africa, Malaysia, Estonia, Russia, Poland

Moody's thinks better of Estonia: A1

Moody's thinks worse of Malaysia and South Africa: A3

and Russia: Baa1

Source: Dagong and Moody's

Baa2: India, Thailand, Kazakhstan, Hungary, and UAE

Moody's thinks better of UAE: Aa2

and Thailand and Hungary: Baa1

Moody's thinks worse of India: Baa3

Source: Dagong and Moody's

Baa3: Indonesia

Moody's thinks worse of Indonesia: Ba2

Source: Dagong and Moody's

Ba1: Egypt, Venezuela, Nigeria and Romania

(Not compared to Moody's)Source: Dagong and Moody's

Bb2: Greece, Turkey and Iceland

(Not compared to Moody's)

Source: Dagong and Moody's

Bb3: Vietnam

(Not compared to Moody's)

Source: Dagong and Moody's

B1: Mongolia

(Not compared to Moody's)

Source: Dagong and Moody's

B2: Argentina and Ukraine

(Not compared to Moody's)

Source: Dagong and Moody's

B3: Pakistan

(Not compared to Moody's)

Source: Dagong and Moody's

Caa1: Ecuador

(Not compared to Moody's)

Source: Dagong and Moody's

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.