Dagong debuts in LatAm with its Suriname ratings

Second sovereign assessment helps lift credit agency's worldwide profile

Dagong Global Credit Rating Co Ltd has made its debut in Latin America's sovereign credit rating market, underscoring the growing need for risk ratings following a rush of Chinese investors in recent years.

The Republic of Suriname, a small South American nation that won its independence from the Netherlands in 1975, appointed Dagong to give it a sovereign rating, a move that analysts said was a bid to woo Chinese investors.