RusRating (Russian: Рус-Рейтинг) is a credit rating agency located in Russia founded in 2001. In October 2012, Dagong Global Credit Rating stated that they will cooperate with Egan-Jones Ratings Company and RusRating to form a joint venture called Universal Credit Rating Group. The Universal Credit Rating Group will be located in Hong Kong, and starts working in 6 months since the agreement. The joint venture will also give countries credit ratings. Managing director of Egan-Jones Ratings Bill Hassiepen told that the three rating agencies will not merge but will participate in a strategic alliance. The three companies services will market together but will work singly he said.