List of credit rating agencies

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(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

Worldmap cra in the world 2019-01-02.png

Current Credit Rating Agencies / Organizations


Credit Rating Agency/Organization Non-Profit Headquarter accredited by
SEC[1][2]
accredited by
ESMA[3]
accredited by
FINMA[4]
accredited by
PBOC[5]
accredited by
other authorities
A.M. Best (EU) Rating Services B.V. No 150px-Flag of Netherlands.png  Netherlands No Yes No No ---
A.M. Best Company No 150px-Flag of United States.png  USA Yes No No No ---
A.M. Best Europe-Rating Services Ltd (AMBERS) No 150px-Flag of United Kingdom.png  United Kingdom No Yes No No ---
ACRA Europe, a.s. (former European Rating Agency (ERA)) No 150px-Flag of Slovakia.png  Slovakia No Yes No No ---
ACRA Ratings No 150px-Flag of Russia.png  Russia No No No No ---
Agusto & Co.[6] No 150px-Flag of Nigeria.png  Nigeria No No No No ---
Apoyo & Asociados Internacionales S.A.C.[7] No 150px-Flag of Peru.png  Peru No No No No ---
ARC Ratings, S.A. (previously Companhia Portuguesa de Rating, S.A) No 150px-Flag of Portugal.png  Portugal No Yes No No ---
ASSEKURATA Assekuranz Rating-Agentur GmbH [8] No 150px-Flag of Germany.png  Germany No Yes No No ---
Atradius No 150px-Flag of Spain.png  Spain No No No No ---
Austin Rating Serviços Financeiros, Ltda.[9] No 150px-Flag of Brazil.png  Brazil No No No No CVM[10]
Axesor Risk Management SL[11] No 150px-Flag of Spain.png  Spain No Yes No No ---
Bank Watch Ratings S.A.[12] No 150px-Flag of Ecuador.png  Ecuador No No No No ---
BRC Standard & Poor's (a S&P Global Company)[13] No 150px-Flag of Colombia.png  Colombia No No No No ---
Bulgarian Credit Rating Agency AD[14] No 150px-Flag of Bulgaria.png  Bulgaria No Yes No No ---
Calificadora de Riesgo[15] No 150px-Flag of Uruguay.png  Uruguay No No No No ---
Capital Intelligence Ratings Ltd[16] No 150px-Flag of Cyprus.png  Cyprus No Yes No No ---
Capital Standards Rating (CSR)[17] No 150px-Flag of Kuwait.png  Kuwait No No No No ---
Caribbean Information & Credit Rating Services Ltd (CariCRIS)[18] No 150px-Flag of Trinidad and Tobago.png  Trinidad and Tobago No No No No ---
Cerved Rating Agency S.p.A. (previously CERVED Group S.p.A. )[19] No 150px-Flag of Italy.png  Italy No Yes No No ---
Chengxin International Credit Rating Co. Ltd[20] No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
China Lianhe Credit Rating Co. Ltd[21] No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
Clasificadora de Riesgo Humphreys Ltda.[22] No 150px-Flag of Chile.png  Chile No No No No ---
Class y Asociados S.A.[23] No 150px-Flag of Peru.png  Peru No No No No ---
Compagnie Française d'Assurance pour le Commerce Extérieur (COFACE) No 150px-Flag of France.png  France No No No No ---
Credit Analysis & Research Ltd (CARE)[24] No 150px-Flag of India.png  India No No No No ---
Credit Rating Agency of Bangladesh Ltd (CRAB)[25] No 150px-Flag of Bangladesh.png  Bangladesh No No No No ---
Credit Rating Information and Services Ltd No 150px-Flag of Bangladesh.png  Bangladesh No No No No ---
Credit Research Initiative (CRI) (NUS Risk Management Institute) Yes 150px-Flag of Singapore.png  Singapore No No No No ---
Credit-Rating[26] No 150px-Flag of Ukraine.png  Ukraine No No No No ---
Creditreform Rating AG[27] No 150px-Flag of Germany.png  Germany No Yes No No ---
CRIF Ratings S.r.l. (previously CRIF S.p.a.)[28] No 150px-Flag of Italy.png  Italy No Yes No No ---
CRISIL Ltd (a S&P Global Company)[29] No 150px-Flag of India.png  India No No No No ---
Dagong Europe Credit Rating Srl (Dagong Europe) No 150px-Flag of Italy.png  Italy No Yes No No ---
Dagong Global Credit Rating No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
DBRS Morningstar (former Morningstar Credit Ratings, LLC) No 150px-Flag of United States.png  USA Yes No No No ---
DBRS Rating GmbH No 150px-Flag of Germany.png  Germany No Yes No No ---
DBRS Ratings Ltd No 150px-Flag of Canada.png  Canada Yes No Yes No ---
DBRS Ratings Ltd (UK) No 150px-Flag of United Kingdom.png  United Kingdom No Yes No No ---
Demotech Inc.[30] No 150px-Flag of United States.png  USA No No No No ---
Dun & Bradstreet No 150px-Flag of United States.png  USA No No No No ---
Egan-Jones Rating Company No 150px-Flag of United States.png  USA Yes Yes No No ---
Emerging Credit Rating Ltd (ECRL)[31] No 150px-Flag of Bangladesh.png  Bangladesh No No No No ---
Equilibrium Clasificadora de Riesgo (an affiliate of Moody's Investor Service)[32] No 150px-Flag of Peru.png  Peru No No No No ---
Euler Hermes Rating GmbH No 150px-Flag of Germany.png  Germany No Yes No No ---
Euromoney Country Risk (ECR) No 150px-Flag of United Kingdom.png  United Kingdom No No No No ---
EuroRating Sp. z o.o.[33] No 150px-Flag of Poland.png  Poland No Yes No No ---
Expert RA[34] No 150px-Flag of Russia.png  Russia No No No No ---
Fedafin[35] No    Switzerland No No Yes No ---
Feller Rate Clasificadora de Riesgo[36] No 150px-Flag of Chile.png  Chile No No No No ---
Fitch Ireland Ratings Limited No 150px-Flag of Ireland.png  Ireland No Yes No No ---
Fitch Ratings No 150px-Flag of United States.png  USA Yes No Yes No ---
Fitch Ratings CIS Limited No 150px-Flag of United Kingdom.png  United Kingdom No Yes No No ---
Fitch Ratings España S.A.U. No 150px-Flag of Spain.png  Spain No Yes No No ---
Fitch Ratings Limited No 150px-Flag of United Kingdom.png  United Kingdom No Yes No No ---
FitchBohua[37] No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH[38] No 150px-Flag of Germany.png  Germany No Yes No No ---
Global Credit Ratings Co.[39] No 150px-Flag of South Africa.png  South Africa No No No No ---
Golden Credit Rating International Co., Ltd.[40] No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
HR Ratings de México, S.A. de C.V. (HR Ratings)[41] No 150px-Flag of Mexico.png  Mexico Yes Yes No No ---
ICAP S.A.[42] No 150px-Flag of Greece.png  Greece No Yes No No ---
ICRA (a Moody's Investor Service Company) No 150px-Flag of India.png  India No No No No ---
Inbonis SA[43] No 150px-Flag of Spain.png  Spain No Yes No No ---
INC Rating Sp. z o.o.[44] No 150px-Flag of Poland.png  Poland No Yes No No ---
Interfax Rating Agency (IRA)[45] No 150px-Flag of Russia.png  Russia No No No No ---
Islamic International Rating Agency, B.S.C. (IIRA)[46] No 150px-Flag of Bahrain.png  Bahrain No No No No ---
Japan Credit Rating Agency Ltd. No 150px-Flag of Japan.png  Japan Yes Yes No No ---
JCR Eurasia Rating (JCR-ER)[47] No 150px-Flag of Turkey.png  Turkey No No No No ---
JCR-VIS Credit Rating Co. Ltd.[48] No 150px-Flag of Pakistan.png  Pakistan No No No No ---
Kobirate A.Ş.[49] No 150px-Flag of Turkey.png  Turkey No No No No ---
Korea Investors Service (an affiliate of Moody's Investor Service)[50] No 150px-Flag of South Korea.png  South Korea No No No No ---
Korea Ratings Corporation[51] No 150px-Flag of South Korea.png  South Korea No No No No ---
Kroll Bond Rating Agency No 150px-Flag of United States.png  USA Yes No No No ---
Kroll Bond Rating Agency Europe Limited[52] No 150px-Flag of Ireland.png  Ireland No Yes No No ---
Levin and Goldstein[53] No 150px-Flag of Zambia.png  Zambia No No No No ---
Liberum Ratings Serviços Financeiros, Ltda.[54] No 150px-Flag of Brazil.png  Brazil No No No No CVM[10]
Local Government Credit Scoring Yes 150px-Flag of United States.png  USA No No No No ---
Malaysian Rating Corporation Berhad (MARC)[55] No 150px-Flag of Malaysia.png  Malaysia No No No No ---
modeFinance S.r.l.[56] No 150px-Flag of Italy.png  Italy No Yes No No ---
Moody's Investors Service No 150px-Flag of United States.png  USA Yes No Yes No ---
Moody’s Deutschland GmbH No 150px-Flag of Germany.png  Germany No Yes No No ---
Moody’s France S.A.S. No 150px-Flag of France.png  France No Yes No No ---
Moody’s Investors Service (Nordics) AB No 150px-Flag of Sweden.png  Sweden No Yes No No ---
Moody’s Investors Service Cyprus Ltd No 150px-Flag of Cyprus.png  Cyprus No Yes No No ---
Moody’s Investors Service EMEA Ltd No 150px-Flag of United Kingdom.png  United Kingdom No Yes No No ---
Moody’s Investors Service España S.A. No 150px-Flag of Spain.png  Spain No Yes No No ---
Moody’s Investors Service Ltd No 150px-Flag of United Kingdom.png  United Kingdom No Yes No No ---
Moody’s Italia S.r.l. No 150px-Flag of Italy.png  Italy No Yes No No ---
Nordic Credit Rating AS[57] No 150px-Flag of Norway.png  Norway No Yes No No ---
Pacific Credit Rating (PCR)[58] No 150px-Flag of Peru.png  Peru No No No No ---
Pakistan Credit Rating Agency, Ltd. (PACRA)[59] No 150px-Flag of Pakistan.png  Pakistan No No No No ---
Pefindo Credit Rating Agency[60] No 150px-Flag of Indonesia.png  Indonesia No No No No ---
Pengyuan Credit Rating Co., Ltd.[61] No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
Philippine Rating Services (PhilRatings)[62] No 150px-Flag of Philippines.png  Philippines No No No No ---
Qivalio SAS (previously Spread Research) No 150px-Flag of France.png  France No Yes No No ---
RAM Rating Services Berhad[63] No 150px-Flag of Malaysia.png  Malaysia No No No No ---
Rapid Ratings International, Inc. (RRI) No 150px-Flag of United States.png  USA No No No No ---
Rating and Investment Information, Inc. (R&I)[64] No 150px-Flag of Japan.png  Japan No No No No ---
Rating-Agentur Expert RA GmbH No 150px-Flag of Germany.png  Germany No Yes No No ---
S&P Global Ratings No 150px-Flag of United States.png  USA Yes No Yes No ---
S&P Global Ratings Europe Ltd No 150px-Flag of Ireland.png  Ireland No Yes No No ---
SAHA A.Ş.[65] No 150px-Flag of Turkey.png  Turkey No No No No ---
Scope Ratings GmbH (previously Scope Ratings AG and PSR Rating GmbH)[66] No 150px-Flag of Germany.png  Germany No Yes Yes No ---
Seoul Credit Rating & Information, Inc. (SCI)[67] No 150px-Flag of South Korea.png  South Korea No No No No ---
Shanghai Brilliance Investors Service Co., Ltd.[68] No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
Shanghai Credit Information Services Co., Ltd. (CIS)[69] No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
Shanghai Far-East Credit Rating Co., Ltd.[70] No 150px-Flag of the People's Republic of China.png  China No No No Yes ---
SMERA Ratings, Ltd.[71] No 150px-Flag of India.png  India No No No No ---
Sociedad Calificadora de Riesgo Centroamericana, S.A. (SCRiesgo)[72] No 150px-Flag of Costa Rica.png  Costa Rica No No No No ---
SR Rating Prestação de Serviços, Ltda.[73] No 150px-Flag of Brazil.png  Brazil No No No No CVM[10]
Taiwan Ratings (a S&P Global Company)[74] No 150px-Flag of Republic of China.png  Taiwan No No No No ---
TCR - Turkish Credit Rating A.Ş.[75] No 150px-Flag of Turkey.png  Turkey No No No No ---
Thai Rating and Information Services Co., Ltd. (TRIS)[76] No 150px-Flag of Thailand.png  Thailand No No No No ---
The Economist Intelligence Unit Ltd No 150px-Flag of United Kingdom.png  United Kingdom No Yes No No ---
TURKrating[77] No 150px-Flag of Turkey.png  Turkey No No No No ---
Universalratings (RTS Ratings Pte Ltd)[78] No 150px-Flag of Singapore.png  Singapore No No No No ---
Veribanc, Inc.[79] No 150px-Flag of United States.png  USA No No No No ---
Weiss Ratings, LLC[80] No 150px-Flag of United States.png  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[81][82]
accredited by
ESMA[83]
accredited by
FINMA[84]
accredited by
PBOC[85]
accredited by
other authorities
Academic Credit Rating (ACR)[86] Yes 150px-Flag of Spain.png  Spain No No No No ---
Berkshire Hathaway Credit Ratings Inc.[87] No 150px-Flag of United States.png  USA No No No No ---
Central European Rating Agency (CERA) No 150px-Flag of Poland.png  Poland No No No No ---
Feri EuroRating Services AG[88] No 150px-Flag of Germany.png  Germany No No No No ---
Fitch Deutschland GmbH No 150px-Flag of Germany.png  Germany No No No No ---
Fitch France S.A.S. No 150px-Flag of France.png  France No No No No ---
Fitch Italia S.p.A. No 150px-Flag of Italy.png  Italy No No No No ---
Fitch Polska S.A. No 150px-Flag of Poland.png  Poland No No No No ---
International Non-Profit Credit Rating Agency (INCRA) Yes 150px-Flag of United States.png  USA No No No No ---
Muros Ratings[89] No 150px-Flag of Russia.png  Russia No No No No ---
National Information & Credit Evaluation, Inc. (NICE)[90] No 150px-Flag of South Korea.png  South Korea No No No No ---
ONICRA Credit Rating Agency of India Ltd.[91] No 150px-Flag of India.png  India No No No No ---
Ontonix[92] No 150px-Flag of Italy.png  Italy No No No No ---
Realpoint, LLC No 150px-Flag of United States.png  USA No No No No ---
RusRating No 150px-Flag of Russia.png  Russia No No No No ---


References

  1. See U.S. Securities and Exchange Commission
  2. NRSRO Summary Report 2018
  3. See European Securities and Markets Authority
  4. See Swiss Financial Market Supervisory Authority
  5. See [Wikipedia Article "People's Bank of China (PBOC)" https://en.wikipedia.org/wiki/People%27s_Bank_of_China]
  6. No Wikipedia article available, see website Agusto & Co.
  7. No Wikipedia article available, see website Apoyo & Asociados Internacionales S.A.C.
  8. No Wikipedia article available, see website ASSEKURATA Assekuranz Rating-Agentur GmbH
  9. No Wikipedia article available, see website Austin Rating Serviços Financeiros, Ltda.
  10. 10.0 10.1 10.2 Registered or recognized by the CVM (Brazilian Securities and Exchange Commission), see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
  11. No Wikipedia article available, see website Axesor Risk Management SL
  12. No Wikipedia article available, see website Bank Watch Ratings S.A.
  13. No Wikipedia article available, see website BRC Standard & Poor's (a S&P Global Company)
  14. No Wikipedia article available, see website Bulgarian Credit Rating Agency AD
  15. No Wikipedia article available, see website Calificadora de Riesgo
  16. No Wikipedia article available, see website Capital Intelligence Ratings Ltd
  17. No Wikipedia article available, see website Capital Standards Rating (CSR)
  18. No Wikipedia article available, see website Caribbean Information & Credit Rating Services Ltd (CariCRIS)
  19. No Wikipedia article available, see website Cerved Rating Agency S.p.A. (previously CERVED Group S.p.A. )
  20. No Wikipedia article available, see website Chengxin International Credit Rating Co. Ltd
  21. No Wikipedia article available, see website China Lianhe Credit Rating Co. Ltd
  22. No Wikipedia article available, see website Clasificadora de Riesgo Humphreys Ltda.
  23. No Wikipedia article available, see website Class y Asociados S.A.
  24. No Wikipedia article available, see website Credit Analysis & Research Ltd (CARE)
  25. No Wikipedia article available, see website Credit Rating Agency of Bangladesh Ltd (CRAB)
  26. No Wikipedia article available, see website Credit-Rating
  27. No Wikipedia article available, see website Creditreform Rating AG
  28. No Wikipedia article available, see website CRIF Ratings S.r.l. (previously CRIF S.p.a.)
  29. No Wikipedia article available, see website CRISIL Ltd (a S&P Global Company)
  30. No Wikipedia article available, see website Demotech Inc.
  31. No Wikipedia article available, see website Emerging Credit Rating Ltd (ECRL)
  32. No Wikipedia article available, see website Equilibrium Clasificadora de Riesgo (an affiliate of Moody's Investor Service)
  33. No Wikipedia article available, see website EuroRating Sp. z o.o.
  34. No Wikipedia article available, see website Expert RA
  35. No Wikipedia article available, see website Fedafin
  36. No Wikipedia article available, see website Feller Rate Clasificadora de Riesgo
  37. No Wikipedia article available, see website FitchBohua
  38. No Wikipedia article available, see website GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH
  39. No Wikipedia article available, see website Global Credit Ratings Co.
  40. No Wikipedia article available, see website Golden Credit Rating International Co., Ltd.
  41. No Wikipedia article available, see website HR Ratings de México, S.A. de C.V. (HR Ratings)
  42. No Wikipedia article available, see website ICAP S.A.
  43. No Wikipedia article available, see website Inbonis SA
  44. No Wikipedia article available, see website INC Rating Sp. z o.o.
  45. No Wikipedia article available, see website Interfax Rating Agency (IRA)
  46. No Wikipedia article available, see website Islamic International Rating Agency, B.S.C. (IIRA)
  47. No Wikipedia article available, see website JCR Eurasia Rating (JCR-ER)
  48. No Wikipedia article available, see website JCR-VIS Credit Rating Co. Ltd.
  49. No Wikipedia article available, see website Kobirate A.Ş.
  50. No Wikipedia article available, see website Korea Investors Service (an affiliate of Moody's Investor Service)
  51. No Wikipedia article available, see website Korea Ratings Corporation
  52. No Wikipedia article available, see website Kroll Bond Rating Agency Europe Limited
  53. No Wikipedia article available, see website Levin and Goldstein
  54. No Wikipedia article available, see website Liberum Ratings Serviços Financeiros, Ltda.
  55. No Wikipedia article available, see website Malaysian Rating Corporation Berhad (MARC)
  56. No Wikipedia article available, see website modeFinance S.r.l.
  57. No Wikipedia article available, see website Nordic Credit Rating AS
  58. No Wikipedia article available, see website Pacific Credit Rating (PCR)
  59. No Wikipedia article available, see website Pakistan Credit Rating Agency, Ltd. (PACRA)
  60. No Wikipedia article available, see website Pefindo Credit Rating Agency
  61. No Wikipedia article available, see website Pengyuan Credit Rating Co., Ltd.
  62. No Wikipedia article available, see website Philippine Rating Services (PhilRatings)
  63. No Wikipedia article available, see website RAM Rating Services Berhad
  64. No Wikipedia article available, see website Rating and Investment Information, Inc. (R&I)
  65. No Wikipedia article available, see website SAHA A.Ş.
  66. No Wikipedia article available, see website Scope Ratings GmbH (previously Scope Ratings AG and PSR Rating GmbH)
  67. No Wikipedia article available, see website Seoul Credit Rating & Information, Inc. (SCI)
  68. No Wikipedia article available, see website Shanghai Brilliance Investors Service Co., Ltd.
  69. No Wikipedia article available, see website Shanghai Credit Information Services Co., Ltd. (CIS)
  70. No Wikipedia article available, see website Shanghai Far-East Credit Rating Co., Ltd.
  71. No Wikipedia article available, see website SMERA Ratings, Ltd.
  72. No Wikipedia article available, see website Sociedad Calificadora de Riesgo Centroamericana, S.A. (SCRiesgo)
  73. No Wikipedia article available, see website SR Rating Prestação de Serviços, Ltda.
  74. No Wikipedia article available, see website Taiwan Ratings (a S&P Global Company)
  75. No Wikipedia article available, see website TCR - Turkish Credit Rating A.Ş.
  76. No Wikipedia article available, see website Thai Rating and Information Services Co., Ltd. (TRIS)
  77. No Wikipedia article available, see website TURKrating
  78. No Wikipedia article available, see website Universalratings (RTS Ratings Pte Ltd)
  79. No Wikipedia article available, see website Veribanc, Inc.
  80. No Wikipedia article available, see website Weiss Ratings, LLC
  81. See U.S. Securities and Exchange Commission
  82. NRSRO Summary Report 2018
  83. See European Securities and Markets Authority
  84. See Swiss Financial Market Supervisory Authority
  85. See [Wikipedia Article "People's Bank of China (PBOC)" https://en.wikipedia.org/wiki/People%27s_Bank_of_China]
  86. No Wikipedia article available, see website Academic Credit Rating (ACR)
  87. No Wikipedia article available, see website Berkshire Hathaway Credit Ratings Inc.
  88. No Wikipedia article available, see website Feri EuroRating Services AG
  89. No Wikipedia article available, see website Muros Ratings
  90. No Wikipedia article available, see website National Information & Credit Evaluation, Inc. (NICE)
  91. No Wikipedia article available, see website ONICRA Credit Rating Agency of India Ltd.
  92. No Wikipedia article available, see website Ontonix

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