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In Rememberance: World Trade Center (WTC)

Credit Rating Agencies -- globally

[ Refreshed October 2011 ] we have just added, SR Ratings (Brazil), who are long established, but whom I've only recently learned of.

At 76 credit rating agencies worldwide, this list is growing. As documentation of this growth, see:

Credit Rating Agencies have received heavy criticism for their contributions to the economic crisis that started in 2007 and continues currently. Indeed, the Dodd-Frank Act now mandates tighter supervision of CRAs in the US. Separately, new efforts (such as seek to bypass traditional CRAs altogether.

  1. A.M. Best Company, Inc.
    Insurance industry emphasis.
    US -- NRSRO

  2. Agusto & Co. Ltd.

  3. Ahbor Rating

  4. Apoyo & Asociados Internacionales S.A.C.
    Peru -- Fitch Associate

  5. Bank Watch Ratings S.A.
    Ecuador -- Fitch Affiliate

  6. BRC Investor Services S.A.

  7. Capital Standards Rating (CSR)
    Added: Apr-2011

  8. Calificadora de Riesgo, PCA

  9. Capital Intelligence, Ltd.

  10. Caribbean Information & Credit Rating Services Ltd. (CariCRIS)

  11. Central European Rating Agency (CERA)
    a/k/a: Fitch Polska, S.A.

  12. Chengxin International Credit Rating Co., Ltd.
    China -- Moody's Affiliate

  13. China Lianhe Credit Rating, Co. Ltd.

  14. Clasificadora de Riesgo Humphreys, Ltda.
    Chile -- Moody's Affiliate

  15. Class y Asociados S.A. Clasificadora de Riesgo

  16. CMC International, Ltd.

  17. Companhia Portuguesa de Rating, SA (CPR)

  18. Credit Analysis & Research Ltd (CARE)

  19. "Credit-Rating": A Ukrainian rating agency
    Added: Mar-2010
    Ukraine -- Рейтинговое Aгентство "Кредит-Рейтинг"

  20. Credit Rating Agency of Bangladesh, Ltd. (CRAB)

  21. Credit Rating Information and Services, Ltd. (CRISL)

  22. CRISIL, Ltd.
    f/k/a: Credit Rating Information Services of India
    India -- S&P Affiliate

  23. Dagong Global Credit Rating Co., Ltd.

  24. Demotech, Inc.
    Insurance industry emphasis.
    US -- Added: Apr-10

  25. Dominion Bond Rating Service (DBRS)
    Canada -- NRSRO

  26. Duff & Phelps de Colombia, S.A., S.C.V
    Colombia -- Fitch Affiliate

  27. Ecuability, SA

  28. Egan-Jones Rating Company
    US -- NRSRO

  29. Emerging Credit Rating Ltd (ECRL)
    Added: Apr-2011
    Bangladesh -- Collaboration with MARC

  30. Equilibrium Clasificadora de Riesgo
    Peru -- Moody's Affiliate

  31. European Rating Agency (ERA)

  32. Feller Rate Clasificadora de Riesgo
    Chile -- S&P Affiliate

  33. Fitch Ratings, Ltd.
    US/UK -- NRSRO

  34. Global Credit Rating Co.

  35. HR Ratings de Mexico, S.A. de C.V.
    Added: Jan-2009

  36. Interfax Rating Agency (IRA)

  37. Investment Information and Credit Rating Agency (ICRA)

  38. Islamic International Rating Agency, B.S.C. (IIRA)

  39. Istanbul International Rating Services, Inc.
    a/k/a: TurkRating
    Added: Oct-09

  40. Japan Credit Rating Agency, Ltd. (JCR)
    Japan -- NRSRO

  41. JCR Avrasya Derecelendime A.S.
    a/k/a: JCR Eurasia Rating
    Added: Oct-09
    Turkey -- JCR Affiliate

  42. JCR-VIS Credit Rating Co. Ltd.
    Pakistan -- JCR Affiliate

  43. Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.Ş.
    a/k/a/ Kobirate
    Added Oct-09

  44. Korea Investors Service, Inc. (KIS)
    Korea -- Moody's Affiliate

  45. Korea Ratings Corporation
    f/k/a: Korea Management Consulting and Credit Rating Corp. (KMCC)
    Korea -- Fitch Affiliate

  46. Kroll Bond Rating Agency, Inc.
    Wholly acquiring LACE Financial Corp. in Aug-2010
    US -- NRSRO

  47. Lanka Rating Agency, Ltd. (LRA)
    Sri Lanka -- Subsidiary of RAM

  48. Malaysian Rating Corporation Berhad (MARC)
    Malaysia -- Fitch Affiliate

  49. Mikuni & Co., Ltd.

  50. Moody's Investors Service
    US -- NRSRO

  51. National Information & Credit Evaluation, Inc. (NICE)

  52. ONICRA Credit Rating Agency of India, Ltd.

  53. P.T. Kasnic Credit Rating Indonesia -- Indonesia
    Indonesia -- Moody's Affiliate

  54. P.T. PEFINDO Credit Rating Indonesia
    a/k/a: PT Pemeringkat Efek Indonesia

  55. Pacific Credit Rating (PCR)
    a/k/a: Clasificadora de Riesgo Pacific Credit Rating S.A.C.

  56. Pakistan Credit Rating Agency, Ltd. (PACRA)
    Pakistan -- Fitch former affiliate

  57. Philippine Rating Services, Corp. (PhilRatings)

  58. RAM Rating Services Berhad (RAM)
    f/k/a: Rating Agency Malaysia Berhad
    Malaysia -- S&P Affiliate

  59. Rapid Ratings International, Inc.

  60. Rating and Investment Information, Inc. (R&I)
    Japan -- NRSRO

  61. Realpoint, LLC
    Added: Jan-2009
    US -- NRSRO

  62. RusRating

  63. Saha Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş
    Added: Oct-2009

  64. Seoul Credit Rating & Information, Inc.
    Korea -- JCR Affiliate

  65. Shanghai Credit Information Services Co., Ltd.

  66. Shanghai Far East Credit Rating Co., Ltd.
    a/k/a: Xinhua Far East Credit Ratings

  67. Slovak Rating Agency, a.s. (SRA)
    a/k/a: Slovenská ratingová agentúra, a.s.
    Balkans -- ERA Affiliate

  68. SME Rating Agency of India Limited (SMERA)
    Added: Apr-2008

  69. Sociedad Calificadora de Riesgo Centroamericana, S.A. (SCRiesgo)
    Costa Rica

  70. SR Rating Prestação de Serviços Ltda.
    Added: Oct-2011

  71. Standard and Poors (S&P)
    US -- NRSRO

  72. Taiwan Ratings, Corp. (TCR)
    Taiwan -- S&P Affiliate

  73. Thai Rating and Information Services Co., Ltd. (TRIS)

  74. Ratings, Inc.
    f/k/a: Weiss Ratings, Inc.

  75. TCR Kurumsal Yonetim ve Kredi Derecelendirme Hizmetleri A.S.
    a/k/a: Türk KrediRating (TCRating)

  76. Veribanc, Inc.

Names dropped from historical list:

There were ten changes in Feb-2006 when:

These differences are listed below. Six were absorbed by the "big three" credit rating agencies. Two were determined to distribute business information that might support a rating decision, but did not actually include a rating analyst's opinion.  Two were redundant (i.e., being the same entities known by different names).

  1. Agence d'Évaluation Financière (ADEF)
    France -- Absorbed by S&P

  2. CRA Rating Agency
    f/k/a: Czech Rating Agency
    Czech Republic -- Absorbed by Moody's

  3. Credit Information Bureau Ltd. (CIB)
    India -- Determined to distribute information without a rating.

  4. Duff & Phelps Credit Rating Co.
    US -- Absorbed by Fitch

  5. Humphreys Argentina Calificadora de Riesgo S.A.
    f/k/a: Ratto-Humphreys, Calificadora de Riesgo S.A.
    Argentina -- Absorbed by Moody's

  6. Humphreys Clasificadora de Riesgo
    a/k/a: Clasificadora de Riesgo Humphreys, Ltda.
    Chile -- Redundant

  7. SKATE
    Russia -- Became an equity/info shop

  8. Thompson BankWatch
    US -- Absorbed by Fitch

  9. VALUE Calificadora de Riesgo, S.A.
    Argentina -- Absorbed by Moody's

  10. Xinhua Far East China Ratings
    a/k/a: Shanghai Far East Credit Rating Co., Ltd.
    China -- Redundant


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