Russia, China to create joint rating agency as ties grow

Watch the howls when they re rate in truth.

Wait until they start rating western concerns. All part of a shift to another financial system as Global Hegemony tanks.

Chinese President Xi Jinping (L) and his Russian counterpart Vladimir Putin attend the opening ceremony of the ''Year of Chinese Tourism in Russia'' at the State Kremlin Palace in Moscow, March 22, 2013.
Credit: Reuters/Sergei Ilnitsky/Pool

By Lidia Kelly
3 June 2014

Russia and China have reached an agreement to create a joint credit rating agency and are working on a series of measures to make trade easier, Russia's finance minister said on Tuesday, a sign of growing ties between the neighbors.

Speaking during a trip to China, Anton Siluanov told journalists that the new rating agency would be modeled on existing rating agencies.

"We would like (the agency's) ratings to be apolitical," Siluanov said in comments sent by the ministry's press service.

The plan to create an agency in conjunction with China comes at time when Russia has shown signs of dissatisfaction with the three western agencies - Standard & Poor's Moody's and Fitch that dominate the ratings market.

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