2016年CRI China's Dagong Launches Infrastructure Rating Methodology

 

In an attempt to make investing in infrastructure¹ projects more stable, Dagong International has established a system which applies a rating based on its analysis of the project.

Dagong Chair Guan Jianzhong says unlike other ratings agencies, their infrastructure rating system follows a project from beginning to end.

"Currently, no other credit rating agency has a methodology that looks at infrastructure construction as its happening. All they do is focus on the infrastructure projects once they're completed and operational. In other words, they are unable to assess the risks of certain project during its construction period. "

Traditionally, infrastructure projects have been difficult to finance, as they are often high-cost and low reward for investors².

However, against the backdrop of a somewhat sluggish³ world economy, countries around the world have been looking more toward infrastructure as a way to keep economic growth moving.

Fang⁴ Qiuchen, Chair of China International Contractors⁵ Association, says this is going to require money from different areas.

"Conventional financing from either direct government investments or bank loans aren't enough to meet the needs of today's infrastructure construction. Many of our Chinese contractors, while participating in international infrastructure projects, often find it difficult to find money to keep going, as the channels for financing are too narrow."

Dagong's Guan Jianzhong says by offering up a more comprehensive rating system for infrastructure projects, investors will have a much better sense of what they're putting their money toward.

"Old ratings systems didn't take certain important factors into consideration such as environmental and social sustainability. This meant that people lacked awareness⁶... This is important, particularly today, when issues surrounding ecology and environmental sustainability are factored in, as they have direct and long-term impacts on human beings."

Former Pakistani Prime Minister Shaukat Aziz says he fully⁷ expects Dagong will be able to capitalize on its new ratings system through the Chinese government's "Belt and Road" initiative.

"One way to bring companies out on the global stage is through the role played by credit rating agencies like Dagong. As we see the One Belt, One Road and many other infrastructure initiatives, I think this creates game changing initiative for credit rating agencies. "

The "belt and road" initiative is expected to create billions of dollars in infrastructure projects in countries throughout the routes.

For CRI, I am Wang Mengzhen.

1 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

2 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

3 sluggish   

adj.懒惰的，迟钝的，无精打采的

参考例句：

• This humid heat makes you feel rather sluggish.这种湿热的天气使人感到懒洋洋的。
• Circulation is much more sluggish in the feet than in the hands.脚部的循环比手部的循环缓慢得多。

4 fang   

n.尖牙，犬牙

参考例句：

• Look how the bone sticks out of the flesh like a dog's fang.瞧瞧,这根骨头从肉里露出来，象一只犬牙似的。
• The green fairy's fang thrusting between his lips.绿妖精的尖牙从他的嘴唇里龇出来。

5 contractors   

n.（建筑、监造中的）承包人( contractor的名词复数 )

参考例句：

• We got estimates from three different contractors before accepting the lowest. 我们得到3个承包商的报价后，接受了最低的报价。 来自《简明英汉词典》
• Contractors winning construction jobs had to kick back 2 per cent of the contract price to the mafia. 赢得建筑工作的承包商得抽出合同价格的百分之二的回扣给黑手党。 来自《简明英汉词典》

6 awareness   

n.意识，觉悟，懂事，明智

参考例句：

• There is a general awareness that smoking is harmful.人们普遍认识到吸烟有害健康。
• Environmental awareness has increased over the years.这些年来人们的环境意识增强了。

7 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。