Russia must develop its own rating Agency and cooperating with the Chinese Dagong said the Director of Department of economic cooperation of the Ministry of foreign Affairs of the Russian Federation Evgeny Stanislavov. according to his statement, one of the mechanisms to address the current status of rating agencies is the development of competition on the market of rating services." for this reason we are interested follow the formation of the Chinese rating Agency Dagong. Undoubtedly, it will take time to take a decent niche in the market for these services. Gradually increases its credibility, in most of the Asian world, " said the Russian diplomat at the meeting of the division of the Federation Council's international Affairs. Stanislaw said, " probably, it is necessary to work towards the development of its own agencies, cooperating with the Chinese Dagong, to develop a network of agencies on the location of the BRICS and participate in international efforts to improve the productivity of regulation of the credit agencies." early in the year, the rating Agency Fitch lowered the national chart of Russia to " BBB- ". A week later, the Agency Moody's downgraded the chart Russian government bonds to "Baa3" by placing it in a list to change downwards. So, Fitch and Moody's placed the ratings of Russia to the lower level of investment categories. At the end of January, the Agency's