“后马克思主义”是马克思主义吗?
II. Summary of Rating Methodologies by Rating Agencies
1.Brief Introduction of Country Credit Rating Agencies
The source of country credit rating can be traced back to the United States before the World War I. After about a century of development, the market now is mainly dominated by the three U.S. rating agencies, including Standard & Poor's, Moody's and Fitch. They account for more than 90% of the global market share.
With a history of more than 150 years, Standard & Poor's is a globally known independent credit rating agency. It has offices in 23 countries and regions and conducts sovereign credit rating of 126 countries and regions, updated once a week. With branches in 29 countries and regions and about 7,000 employees, Moody's mainly conducts rating of more than 100 countries and regions engaged in global capital market activities. Fitch is the only rating agency controlled by European capital and its scale is smaller than that of the other two major agencies. Thanks to several mergers and rapid growth, Fitch has grown into a leading international credit rating agency and established 50 branches and joint ventures globally. It focuses on providing independent and forward-looking rating opinions, research results and data reports for the international credit market.
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