List of Credit Rating Agencies

(Nonexhaustive) list of credit rating agencies^[1]including organizations and initiatives (registered/not registered by SEC, ESMA, FCA, FINMA, PBOC and other authorities) in the world (117 active and 31 inactive credit rating agencies/organizations in 50 countries). Please contact us if you know any further credit rating agency/organisation/project which is missing in this list.

Last update: 29. January 2024

For crypto rating agencies, see ‘List of Crypto Rating Agencies’

World map of credit rating agencies distribution.

ID	Credit Rating Agency	Headquarter	SEC	ESMA	FCA	FINMA	PBOC	other authorities
1	A.M. Best (EU) Rating Services B.V.	Netherlands	no	yes	no	no	no	---
2	A.M. Best Company	United States	yes	no	no	no	no	---
3	A.M. Best Europe-Rating Services Ltd (AMBERS)	United Kingdom	no	no	yes^[2]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
4	ACRA Ratings	Russia	no	no	no	no	no	---
5	Acuité Ratings & Research, Ltd.	India	no	no	no	no	no	SEBI^[3]Registered or recognized by the SEBI - Securities and Exchange Board of India, see https://www.acuite.in/downloads/SEBI-Permanent-Registration-Certificate-2.pdf and RBI^[4]Registered or recognized by the RBI - Reserve Bank of India, see https://www.acuite.in/downloads/RBI-Accreditation-1.pdf
6	Agusto & Co.	Nigeria	no	no	no	no	no	---
7	Apoyo & Asociados Internacionales S.A.C.	Peru	no	no	no	no	no	---
8	ARC Ratings, S.A.^[5]former Companhia Portuguesa de Rating, S.A	Portugal	no	yes	yes^[6]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
9	ASSEKURATA Assekuranz Rating-Agentur GmbH	Germany	no	yes	no	no	no	---
10	Atradius	Spain	no	no	no	no	no	---
11	Austin Rating Serviços Financeiros, Ltda.	Brazil	no	no	no	no	no	CVM^[7]Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
12	Bank Watch Ratings S.A.	Ecuador	no	no	no	no	no	---
13	BCRA Credit Rating Agency AD	Bulgaria	no	yes	no	no	no	---
14	BRC Standard & Poor's^[8]a S&P Global Company	Colombia	no	no	no	no	no	---
15	Calificadora de Riesgo	Uruguay	no	no	no	no	no	---
16	Capital Intelligence Ratings Ltd	Cyprus	no	yes	no	no	no	---
17	CARE Ratings Limited ^[9]former Credit Analysis & Research Ltd - CARE	India	no	no	no	no	no	---
18	Caribbean Information & Credit Rating Services Ltd (CariCRIS)	Trinidad and Tobago	no	no	no	no	no	---
19	Cerved Rating Agency S.p.A.^[10]former CERVED Group S.p.A.	Italy	no	yes	no	no	no	---
20	Chengxin International Credit Rating Co. Ltd	People's Republic of China	no	no	no	no	yes	---
21	China Chengxin (Asia Pacific) Credit Rating Co. Ltd	Hong Kong	no	no	no	no	no	---
22	China Lianhe Credit Rating Co. Ltd	People's Republic of China	no	no	no	no	yes	---
23	Clasificadora de Riesgo Humphreys Ltda.^[11]an affiliate of Moody's Investor Service	Chile	no	no	no	no	no	---
24	Compagnie Française d'Assurance pour le Commerce Extérieur (COFACE)	France	no	no	no	no	no	---
25	Credit Rating Agency of Bangladesh Ltd (CRAB)	Bangladesh	no	no	no	no	no	---
26	Credit Rating Information and Services Ltd	Bangladesh	no	no	no	no	no	---
27	Credit Research Initiative (CRI)^[12]part of the NUS Risk Management Institute	Singapore	no	no	no	no	no	---
28	Credit-Rating	Ukraine	no	no	no	no	no	---
29	Creditreform Rating AG	Germany	no	yes	no	no	no	---
30	CRIF Ratings S.r.l.^[13]former CRIF S.p.a.	Italy	no	yes	no	no	no	---
31	CRISIL Ltd (a S&P Global Company)	India	no	no	no	no	no	---
32	CSCI Pengyuan^[14]former Pengyuan Credit Rating Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
33	Dagong Global Credit Rating	People's Republic of China	no	no	no	no	yes	---
34	DBRS Morningstar^[15]former Morningstar Credit Ratings, LLC	United States	yes	no	no	no	no	---
35	DBRS Rating GmbH	Germany	no	yes	no	no	no	---
36	DBRS Ratings Ltd	Canada	yes	no	no	yes	no	---
37	DBRS Ratings Ltd (UK)	United Kingdom	no	no	yes^[16]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
38	Demotech Inc.	United States	no	no	no	no	no	---
39	Dun & Bradstreet	United States	no	no	no	no	no	---
40	Egan-Jones Ratings Company (EJR)	United States	yes	yes	yes^[17]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
41	Emerging Credit Rating Ltd (ECRL)	Bangladesh	no	no	no	no	no	---
42	EthiFinance ^[18]former Qivalio SAS	France	no	yes	no	no	no	---
43	EuroRating Sp. z o.o.	Poland	no	yes	no	no	no	---
44	Far East Credit Rating Co., Ltd.^[19]former Shanghai Far-East Credit Rating Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
45	Fedafin	Switzerland	no	no	no	yes	no	---
46	Feller Rate Clasificadora de Riesgo	Chile	no	no	no	no	no	---
47	FiinRatings	Vietnam	no	no	no	no	no	Licensed by the Ministry of Finance of Viet Nam^[20]see https://www.apollo.io/companies/FiinRatings---Vietnam-Credit-Rating-Agency/5f409890f219590001d03693?chart=count
48	Fitch Ireland Ratings Limited	Ireland	no	yes	no	no	no	---
49	Fitch Ratings	United States	yes	no	no	yes	no	---
50	Fitch Ratings CIS Limited	United Kingdom	no	no	yes^[21]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
51	Fitch Ratings España S.A.U.	Spain	no	yes	no	no	no	---
52	Fitch Ratings Limited	United Kingdom	no	no	yes^[22]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
53	FitchBohua	People's Republic of China	no	no	no	no	yes	---
54	GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH	Germany	no	yes	no	no	no	---
55	GCR Ratings ^[23]former Global Credit Ratings Co.^[24]an affiliate of Moody's Investor Service	South Africa	no	no	no	no	no	---
56	Golden Credit Rating International Co., Ltd.	People's Republic of China	no	no	no	no	no	---
57	HR Ratings de México, S.A. de C.V. (HR Ratings)	Mexico	yes	yes	yes^[25]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
58	ICAP S.A.	Greece	no	yes	no	no	no	---
59	ICRA^[26]a Moody's Investor Service Company	India	no	no	no	no	no	---
60	Inbonis SA	Spain	no	yes	no	no	no	---
61	Interfax Rating Agency (IRA)	Russia	no	no	no	no	no	---
62	Islamic International Rating Agency, B.S.C. (IIRA)	Bahrain	no	no	no	no	no	---
63	Japan Credit Rating Agency Ltd.	Japan	yes	yes	yes^[27]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
64	JCR Eurasia Rating (JCR-ER)	Turkey	no	no	no	no	no	---
65	Kobirate A.Ş.	Turkey	no	no	no	no	no	---
66	Korea Investors Service^[28]an affiliate of Moody's Investor Service	South Korea	no	no	no	no	no	---
67	Korea Ratings Corporation	South Korea	no	no	no	no	no	---
68	Kroll Bond Rating Agency	United States	yes	no	no	no	no	---
69	Kroll Bond Rating Agency Europe Limited	Ireland	no	yes	no	no	no	---
70	Kroll Bond Rating Agency UK Limited	United Kingdom	no	no	yes^[29]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
71	Liberum Ratings Serviços Financeiros, Ltda.	Brazil	no	no	no	no	no	CVM^[30]Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
72	Malaysian Rating Corporation Berhad (MARC)	Malaysia	no	no	no	no	no	---
73	modeFinance S.r.l.	Italy	no	yes	no	no	no	---
74	Moody's Investors Service	United States	yes	no	no	yes	no	---
75	Moody's Local Peru ^[31]former Class y Asociados S.A.	Peru	no	no	no	no	no	---
76	Moody’s Deutschland GmbH	Germany	no	yes	no	no	no	---
77	Moody’s France S.A.S.	France	no	yes	no	no	no	---
78	Moody’s Investors Service (Nordics) AB	Sweden	no	yes	no	no	no	---
79	Moody’s Investors Service Cyprus Ltd	Cyprus	no	yes	no	no	no	---
80	Moody’s Investors Service España S.A.	Spain	no	yes	no	no	no	---
81	Moody’s Investors Service Ltd	United Kingdom	no	no	yes^[32]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
82	Moody’s Italia S.r.l.	Italy	no	yes	no	no	no	---
83	National Information & Credit Evaluation, Inc. (NICE)	South Korea	no	no	no	no	no	---
84	Nordic Credit Rating AS	Norway	no	yes	no	no	no	---
85	Pacific Credit Rating (PCR)	Peru	no	no	no	no	no	---
86	Pakistan Credit Rating Agency, Ltd. (PACRA)	Pakistan	no	no	no	no	no	---
87	Pefindo Credit Rating Agency	Indonesia	no	no	no	no	no	---
88	Philippine Rating Services (PhilRatings)	Philippines	no	no	no	no	no	---
89	RAEX LLC ^[33]former Expert RA	Russia	no	no	no	no	no	---
90	RAEX-Europe Rating-Agentur Expert RA GmbH^[34]an affiliate of RAEX LLC	Germany	no	yes	no	no	no	---
91	RAM Rating Services Berhad	Malaysia	no	no	no	no	no	---
92	Rapid Ratings International, Inc. (RRI)	United States	no	no	no	no	no	---
93	Rating and Investment Information, Inc. (R&I)	Japan	no	no	no	no	no	---
94	S&P Global Ratings	United States	yes	no	no	yes	no	---
95	S&P Global Ratings Europe Ltd	Ireland	no	yes	no	no	no	---
96	S&P Global Ratings UK Ltd	United Kingdom	no	no	yes^[35]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
97	SAHA A.Ş.	Turkey	no	no	no	no	no	---
98	SaigonRatings	Vietnam	no	no	no	no	no	---
99	Scope Hamburg GmbH^[36]former Euler Hermes Rating GmbH	Germany	no	yes	no	no	no	---
100	Scope Ratings GmbH^[37]former Scope Ratings AG and PSR Rating GmbH	Germany	no	yes	no	yes	no	---
101	Scope Ratings UK Ltd	United Kingdom	no	no	yes^[38]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
102	Seoul Credit Rating, Inc. (SCI)	South Korea	no	no	no	no	no	---
103	Shanghai Brilliance Credit Rating & Investors Service Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
104	Shanghai Credit Information Services Co., Ltd. (CIS)	People's Republic of China	no	no	no	no	yes	---
105	SMERA Ratings Private Ltd.	India	no	no	no	no	no	SEBI^[39]Registered or recognized by the SEBI - Securities and Exchange Board of India
106	Sociedad Calificadora de Riesgo Centroamericana, S.A. (SCRiesgo)	Costa Rica	no	no	no	no	no	---
107	SR Rating Prestação de Serviços, Ltda.	Brazil	no	no	no	no	no	CVM^[40]Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
108	Taiwan Ratings^[41]a S&P Global Company	Taiwan	no	no	no	no	no	---
109	Thai Rating and Information Services Co., Ltd. (TRIS)	Thailand	no	no	no	no	no	---
110	The Economist Intelligence Unit Ltd	United Kingdom	no	no	yes^[42]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
111	TURKrating	Turkey	no	no	no	no	no	---
112	Uniratings Sagl^[43]former Universalratings - RTS Ratings Pte Ltd	Switzerland	no	no	no	no	no	---
113	Veribanc, Inc.	United States	no	no	no	no	no	---
114	Vietnam Investment Credit Rating	Vietnam	no	no	no	no	no	---
115	VIS Credit Rating Company Limited^[44]former JCR-VIS Credit Rating Company - VIS	Pakistan	no	no	no	no	no	SECP and SBP^[45]Securities & Exchange Commission of Pakistan and State Bank of Pakistan
116	Weiss Ratings, LLC	United States	no	no	no	no	no	---
117	Wikirating	Switzerland	no	no	no	no	no	---
ID	Credit Rating Agency	Headquarter	SEC	ESMA	FCA	FINMA	PBOC	other authorities

Former Credit Rating Agencies

This list represents all former credit rating agencies^[46]including organizations and initiatives which either have been acquired, merged, de-registered or closed.

↑1, ↑46	including organizations and initiatives
↑2, ↑6, ↑16, ↑17, ↑21, ↑22, ↑25, ↑27, ↑29, ↑32, ↑35, ↑38, ↑42	See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras
↑3	Registered or recognized by the SEBI - Securities and Exchange Board of India, see https://www.acuite.in/downloads/SEBI-Permanent-Registration-Certificate-2.pdf
↑4	Registered or recognized by the RBI - Reserve Bank of India, see https://www.acuite.in/downloads/RBI-Accreditation-1.pdf
↑5	former Companhia Portuguesa de Rating, S.A
↑7, ↑30, ↑40	Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
↑8, ↑41	a S&P Global Company
↑9	former Credit Analysis & Research Ltd - CARE
↑10	former CERVED Group S.p.A.
↑11, ↑24, ↑28, ↑49, ↑50	an affiliate of Moody's Investor Service
↑12	part of the NUS Risk Management Institute
↑13	former CRIF S.p.a.
↑14	former Pengyuan Credit Rating Co., Ltd.
↑15	former Morningstar Credit Ratings, LLC
↑18	former Qivalio SAS
↑19	former Shanghai Far-East Credit Rating Co., Ltd.
↑20	see https://www.apollo.io/companies/FiinRatings---Vietnam-Credit-Rating-Agency/5f409890f219590001d03693?chart=count
↑23	former Global Credit Ratings Co.
↑26	a Moody's Investor Service Company
↑31	former Class y Asociados S.A.
↑33	former Expert RA
↑34	an affiliate of RAEX LLC
↑36	former Euler Hermes Rating GmbH
↑37	former Scope Ratings AG and PSR Rating GmbH
↑39	Registered or recognized by the SEBI - Securities and Exchange Board of India
↑43	former Universalratings - RTS Ratings Pte Ltd
↑44	former JCR-VIS Credit Rating Company - VIS
↑45	Securities & Exchange Commission of Pakistan and State Bank of Pakistan
↑47	former European Rating Agency ERA
↑48	former Dagong Europe Credit Rating Srl
↑51	former Spread Research

List of Credit Rating Agencies

See also