List of credit rating agencies

(Nonexhaustive) list of credit rating agencies/organizations[?] (accredited/not accredited by SEC, ESMA, FINMA, PBOC and other authorities) in the world (119 active and 15 inactive credit rating agencies/organizations in 47 countries). Please contact us if you know any further credit rating agency/organisation/project which is missing in this list.


Last update: 14. October 2020

Current Credit Rating Agencies / Organizations

Credit Rating Agency/Organization	Non-Profit	Headquarter	accredited by SEC	accredited by ESMA	accredited by FINMA	accredited by PBOC	accredited by other authorities
A.M. Best (EU) Rating Services B.V.	No	Netherlands	No	Yes	No	No	---
A.M. Best Company	No	USA	Yes	No	No	No	---
A.M. Best Europe-Rating Services Ltd (AMBERS)	No	United Kingdom	No	Yes	No	No	---
ACRA Europe, a.s. (former European Rating Agency (ERA))	No	Slovakia	No	Yes	No	No	---
ACRA Ratings	No	Russia	No	No	No	No	---
Agusto & Co.	No	Nigeria	No	No	No	No	---
Apoyo & Asociados Internacionales S.A.C.	No	Peru	No	No	No	No	---
ARC Ratings, S.A. (previously Companhia Portuguesa de Rating, S.A)	No	Portugal	No	Yes	No	No	---
ASSEKURATA Assekuranz Rating-Agentur GmbH	No	Germany	No	Yes	No	No	---
Atradius	No	Spain	No	No	No	No	---
Austin Rating Serviços Financeiros, Ltda.	No	Brazil	No	No	No	No	CVM
Axesor Risk Management SL	No	Spain	No	Yes	No	No	---
Bank Watch Ratings S.A.	No	Ecuador	No	No	No	No	---
BRC Standard & Poor's (a S&P Global Company)	No	Colombia	No	No	No	No	---
Bulgarian Credit Rating Agency AD	No	Bulgaria	No	Yes	No	No	---
Calificadora de Riesgo	No	Uruguay	No	No	No	No	---
Capital Intelligence Ratings Ltd	No	Cyprus	No	Yes	No	No	---
Capital Standards Rating (CSR)	No	Kuwait	No	No	No	No	---
Caribbean Information & Credit Rating Services Ltd (CariCRIS)	No	Trinidad and Tobago	No	No	No	No	---
Cerved Rating Agency S.p.A. (previously CERVED Group S.p.A. )	No	Italy	No	Yes	No	No	---
Chengxin International Credit Rating Co. Ltd	No	China	No	No	No	Yes	---
China Lianhe Credit Rating Co. Ltd	No	China	No	No	No	Yes	---
Clasificadora de Riesgo Humphreys Ltda.	No	Chile	No	No	No	No	---
Class y Asociados S.A.	No	Peru	No	No	No	No	---
Compagnie Française d'Assurance pour le Commerce Extérieur (COFACE)	No	France	No	No	No	No	---
Credit Analysis & Research Ltd (CARE)	No	India	No	No	No	No	---
Credit Rating Agency of Bangladesh Ltd (CRAB)	No	Bangladesh	No	No	No	No	---
Credit Rating Information and Services Ltd	No	Bangladesh	No	No	No	No	---
Credit Research Initiative (CRI) (NUS Risk Management Institute)	Yes	Singapore	No	No	No	No	---
Credit-Rating	No	Ukraine	No	No	No	No	---
Creditreform Rating AG	No	Germany	No	Yes	No	No	---
CRIF Ratings S.r.l. (previously CRIF S.p.a.)	No	Italy	No	Yes	No	No	---
CRISIL Ltd (a S&P Global Company)	No	India	No	No	No	No	---
Dagong Europe Credit Rating Srl (Dagong Europe)	No	Italy	No	Yes	No	No	---
Dagong Global Credit Rating	No	China	No	No	No	Yes	---
DBRS Morningstar (former Morningstar Credit Ratings, LLC)	No	USA	Yes	No	No	No	---
DBRS Rating GmbH	No	Germany	No	Yes	No	No	---
DBRS Ratings Ltd	No	Canada	Yes	No	Yes	No	---
DBRS Ratings Ltd (UK)	No	United Kingdom	No	Yes	No	No	---
Demotech Inc.	No	USA	No	No	No	No	---
Dun & Bradstreet	No	USA	No	No	No	No	---
Egan-Jones Rating Company	No	USA	Yes	Yes	No	No	---
Emerging Credit Rating Ltd (ECRL)	No	Bangladesh	No	No	No	No	---
Equilibrium Clasificadora de Riesgo (an affiliate of Moody's Investor Service)	No	Peru	No	No	No	No	---
Euler Hermes Rating GmbH	No	Germany	No	Yes	No	No	---
Euromoney Country Risk (ECR)	No	United Kingdom	No	No	No	No	---
EuroRating Sp. z o.o.	No	Poland	No	Yes	No	No	---
Expert RA	No	Russia	No	No	No	No	---
Fedafin	No	Switzerland	No	No	Yes	No	---
Feller Rate Clasificadora de Riesgo	No	Chile	No	No	No	No	---
Fitch Ireland Ratings Limited	No	Ireland	No	Yes	No	No	---
Fitch Ratings	No	USA	Yes	No	Yes	No	---
Fitch Ratings CIS Limited	No	United Kingdom	No	Yes	No	No	---
Fitch Ratings España S.A.U.	No	Spain	No	Yes	No	No	---
Fitch Ratings Limited	No	United Kingdom	No	Yes	No	No	---
FitchBohua	No	China	No	No	No	Yes	---
GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH	No	Germany	No	Yes	No	No	---
Global Credit Ratings Co.	No	South Africa	No	No	No	No	---
Golden Credit Rating International Co., Ltd.	No	China	No	No	No	Yes	---
HR Ratings de México, S.A. de C.V. (HR Ratings)	No	Mexico	Yes	Yes	No	No	---
ICAP S.A.	No	Greece	No	Yes	No	No	---
ICRA (a Moody's Investor Service Company)	No	India	No	No	No	No	---
Inbonis SA	No	Spain	No	Yes	No	No	---
INC Rating Sp. z o.o.	No	Poland	No	Yes	No	No	---
Interfax Rating Agency (IRA)	No	Russia	No	No	No	No	---
Islamic International Rating Agency, B.S.C. (IIRA)	No	Bahrain	No	No	No	No	---
Japan Credit Rating Agency Ltd.	No	Japan	Yes	Yes	No	No	---
JCR Eurasia Rating (JCR-ER)	No	Turkey	No	No	No	No	---
JCR-VIS Credit Rating Co. Ltd.	No	Pakistan	No	No	No	No	---
Kobirate A.Ş.	No	Turkey	No	No	No	No	---
Korea Investors Service (an affiliate of Moody's Investor Service)	No	South Korea	No	No	No	No	---
Korea Ratings Corporation	No	South Korea	No	No	No	No	---
Kroll Bond Rating Agency	No	USA	Yes	No	No	No	---
Kroll Bond Rating Agency Europe Limited	No	Ireland	No	Yes	No	No	---
Levin and Goldstein	No	Zambia	No	No	No	No	---
Liberum Ratings Serviços Financeiros, Ltda.	No	Brazil	No	No	No	No	CVM
Local Government Credit Scoring	Yes	USA	No	No	No	No	---
Malaysian Rating Corporation Berhad (MARC)	No	Malaysia	No	No	No	No	---
modeFinance S.r.l.	No	Italy	No	Yes	No	No	---
Moody's Investors Service	No	USA	Yes	No	Yes	No	---
Moody’s Deutschland GmbH	No	Germany	No	Yes	No	No	---
Moody’s France S.A.S.	No	France	No	Yes	No	No	---
Moody’s Investors Service (Nordics) AB	No	Sweden	No	Yes	No	No	---
Moody’s Investors Service Cyprus Ltd	No	Cyprus	No	Yes	No	No	---
Moody’s Investors Service EMEA Ltd	No	United Kingdom	No	Yes	No	No	---
Moody’s Investors Service España S.A.	No	Spain	No	Yes	No	No	---
Moody’s Investors Service Ltd	No	United Kingdom	No	Yes	No	No	---
Moody’s Italia S.r.l.	No	Italy	No	Yes	No	No	---
Nordic Credit Rating AS	No	Norway	No	Yes	No	No	---
Pacific Credit Rating (PCR)	No	Peru	No	No	No	No	---
Pakistan Credit Rating Agency, Ltd. (PACRA)	No	Pakistan	No	No	No	No	---
Pefindo Credit Rating Agency	No	Indonesia	No	No	No	No	---
Pengyuan Credit Rating Co., Ltd.	No	China	No	No	No	Yes	---
Philippine Rating Services (PhilRatings)	No	Philippines	No	No	No	No	---
Qivalio SAS (previously Spread Research)	No	France	No	Yes	No	No	---
RAM Rating Services Berhad	No	Malaysia	No	No	No	No	---
Rapid Ratings International, Inc. (RRI)	No	USA	No	No	No	No	---
Rating and Investment Information, Inc. (R&I)	No	Japan	No	No	No	No	---
Rating-Agentur Expert RA GmbH	No	Germany	No	Yes	No	No	---
S&P Global Ratings	No	USA	Yes	No	Yes	No	---
S&P Global Ratings Europe Ltd	No	Ireland	No	Yes	No	No	---
SAHA A.Ş.	No	Turkey	No	No	No	No	---
Scope Ratings GmbH (previously Scope Ratings AG and PSR Rating GmbH)	No	Germany	No	Yes	Yes	No	---
Seoul Credit Rating & Information, Inc. (SCI)	No	South Korea	No	No	No	No	---
Shanghai Brilliance Investors Service Co., Ltd.	No	China	No	No	No	Yes	---
Shanghai Credit Information Services Co., Ltd. (CIS)	No	China	No	No	No	Yes	---
Shanghai Far-East Credit Rating Co., Ltd.	No	China	No	No	No	Yes	---
SMERA Ratings, Ltd.	No	India	No	No	No	No	---
Sociedad Calificadora de Riesgo Centroamericana, S.A. (SCRiesgo)	No	Costa Rica	No	No	No	No	---
SR Rating Prestação de Serviços, Ltda.	No	Brazil	No	No	No	No	CVM
Taiwan Ratings (a S&P Global Company)	No	Taiwan	No	No	No	No	---
TCR - Turkish Credit Rating A.Ş.	No	Turkey	No	No	No	No	---
Thai Rating and Information Services Co., Ltd. (TRIS)	No	Thailand	No	No	No	No	---
The Economist Intelligence Unit Ltd	No	United Kingdom	No	Yes	No	No	---
TURKrating	No	Turkey	No	No	No	No	---
Universalratings (RTS Ratings Pte Ltd)	No	Singapore	No	No	No	No	---
Veribanc, Inc.	No	USA	No	No	No	No	---
Weiss Ratings, LLC	No	USA	No	No	No	No	---
Wikirating	Yes	Switzerland	No	No	No	No	---

Former Credit Rating Agencies / Organizations

This list represents all former credit rating agencies/organizations which either have been acquired, merged or closed.

Credit Rating Agency/Organization	Non-Profit	Headquarter	accredited by SEC	accredited by ESMA	accredited by FINMA	accredited by PBOC	accredited by other authorities
Academic Credit Rating (ACR)	Yes	Spain	No	No	No	No	---
Berkshire Hathaway Credit Ratings Inc.	No	USA	No	No	No	No	---
Central European Rating Agency (CERA)	No	Poland	No	No	No	No	---
Feri EuroRating Services AG	No	Germany	No	No	No	No	---
Fitch Deutschland GmbH	No	Germany	No	No	No	No	---
Fitch France S.A.S.	No	France	No	No	No	No	---
Fitch Italia S.p.A.	No	Italy	No	No	No	No	---
Fitch Polska S.A.	No	Poland	No	No	No	No	---
International Non-Profit Credit Rating Agency (INCRA)	Yes	USA	No	No	No	No	---
Muros Ratings	No	Russia	No	No	No	No	---
National Information & Credit Evaluation, Inc. (NICE)	No	South Korea	No	No	No	No	---
ONICRA Credit Rating Agency of India Ltd.	No	India	No	No	No	No	---
Ontonix	No	Italy	No	No	No	No	---
Realpoint, LLC	No	USA	No	No	No	No	---
RusRating	No	Russia	No	No	No	No	---

References

Further external source: BIS Working Papers No 648 - Credit ratings of domestic and global agencies: What drives the differences in China and how are they priced?, June 2017