Headquarter of Standard & Poor's, New York
A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely interest payments and the likelihood of default. An agency may rate the creditworthiness of issuer of debt obligations, of debt instruments, and in some cases, of the servicers of the underlying debt, but not of individual consumers.
97 credit rating agencies/organizations in 44 countries (last update: 2014-10-23)
This world map shows all countries where credit rating agencies/organizations are located (recognized/not recognized by SEC, ESMA, FINMA).
- For the full list see: List of credit rating agencies
- ↑ A debt instrument is any type of documented financial obligation. A debt instrument makes it possible to transfer the ownership of debt so it can be traded. (source: wisegeek.com)
- ↑ For example, in the US, a state government which shares the credit responsibility for a Municipal bond issued by a municipal government entities but under the control of that state government entity. (source:Campbell R. Harvey's Hypertextual Finance Glossary)
- ↑ This article uses material from the Wikipedia article Credit rating agency, which is released under the Creative Commons Attribution-Share-Alike License 3.0.