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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 Wikirating.com) seek to bypass traditional CRAs altogether.

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

  2. Agusto & Co. Ltd.
    Nigeria

  3. Ahbor Rating
    Uzbekistan

  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.
    Colombia

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

  8. Calificadora de Riesgo, PCA
    Uruguay

  9. Capital Intelligence, Ltd.
    Cyprus

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

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

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

  13. China Lianhe Credit Rating, Co. Ltd.
    China

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

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

  16. CMC International, Ltd.
    Nigeria

  17. Companhia Portuguesa de Rating, SA (CPR)
    Portugal

  18. Credit Analysis & Research Ltd (CARE)
    India

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

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

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

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

  23. Dagong Global Credit Rating Co., Ltd.
    China

  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
    Ecuador

  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)
    UK

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

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

  34. Global Credit Rating Co.
    S.Africa

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

  36. Interfax Rating Agency (IRA)
    Russia

  37. Investment Information and Credit Rating Agency (ICRA)
    India

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

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

  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
    Turkey

  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.
    Japan

  50. Moody's Investors Service
    US -- NRSRO

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

  52. ONICRA Credit Rating Agency of India, Ltd.
    India

  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
    Indonesia

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

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

  57. Philippine Rating Services, Corp. (PhilRatings)
    Philippines

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

  59. Rapid Ratings International, Inc.
    Australia/NZ

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

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

  62. RusRating
    Russia

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

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

  65. Shanghai Credit Information Services Co., Ltd.
    China

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

  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
    India

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

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

  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)
    Thailand

  74. TheStreet.com Ratings, Inc.
    f/k/a: Weiss Ratings, Inc.
    US

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

  76. Veribanc, Inc.
    US

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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