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 (120 active and 23 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: 15. October 2021

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 Europe, a.s.^[3]former European Rating Agency ERA	Slovakia	no	no	no	no	no	---
5	ACRA Ratings	Russia	no	no	no	no	no	---
6	Acuité Ratings & Research, Ltd.	India	no	no	no	no	no	SEBI^[4]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^[5]Registered or recognized by the RBI - Reserve Bank of India, see https://www.acuite.in/downloads/RBI-Accreditation-1.pdf
7	Agusto & Co.	Nigeria	no	no	no	no	no	---
8	Apoyo & Asociados Internacionales S.A.C.	Peru	no	no	no	no	no	---
9	ARC Ratings, S.A.^[6]previously Companhia Portuguesa de Rating, S.A	Portugal	no	yes	yes^[7]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
10	ASSEKURATA Assekuranz Rating-Agentur GmbH	Germany	no	yes	no	no	no	---
11	Atradius	Spain	no	no	no	no	no	---
12	Austin Rating Serviços Financeiros, Ltda.	Brazil	no	no	no	no	no	CVM^[8]Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
13	Axesor Risk Management SL	Spain	no	yes	no	no	no	---
14	Bank Watch Ratings S.A.	Ecuador	no	no	no	no	no	---
15	BCRA-Credit Rating Agency AD	Bulgaria	no	yes	no	no	no	---
16	Beyond Ratings SAS	France	no	no	no	no	no	---
17	BRC Standard & Poor's^[9]a S&P Global Company	Colombia	no	no	no	no	no	---
18	Calificadora de Riesgo	Uruguay	no	no	no	no	no	---
19	Capital Intelligence Ratings Ltd	Cyprus	no	yes	no	no	no	---
20	Capital Standards Rating (CSR)	Kuwait	no	no	no	no	no	---
21	Caribbean Information & Credit Rating Services Ltd (CariCRIS)	Trinidad and Tobago	no	no	no	no	no	---
22	Cerved Rating Agency S.p.A.^[10]previously CERVED Group S.p.A.	Italy	no	yes	no	no	no	---
23	Chengxin International Credit Rating Co. Ltd	People's Republic of China	no	no	no	no	yes	---
24	China Lianhe Credit Rating Co. Ltd	People's Republic of China	no	no	no	no	yes	---
25	Clasificadora de Riesgo Humphreys Ltda.	Chile	no	no	no	no	no	---
26	Class y Asociados S.A.	Peru	no	no	no	no	no	---
27	Compagnie Française d'Assurance pour le Commerce Extérieur (COFACE)	France	no	no	no	no	no	---
28	Credit Analysis & Research Ltd (CARE)	India	no	no	no	no	no	---
29	Credit Rating Agency of Bangladesh Ltd (CRAB)	Bangladesh	no	no	no	no	no	---
30	Credit Rating Information and Services Ltd	Bangladesh	no	no	no	no	no	---
31	Credit Research Initiative (CRI)^[11]part of the NUS Risk Management Institute	Singapore	no	no	no	no	no	---
32	Credit-Rating	Ukraine	no	no	no	no	no	---
33	Creditreform Rating AG	Germany	no	yes	no	no	no	---
34	CRIF Ratings S.r.l.^[12]previously CRIF S.p.a.	Italy	no	yes	no	no	no	---
35	CRISIL Ltd (a S&P Global Company)	India	no	no	no	no	no	---
36	CSCI Pengyuan^[13]formerly Pengyuan Credit Rating Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
37	Dagong Global Credit Rating	People's Republic of China	no	no	no	no	yes	---
38	DBRS Morningstar^[14]former Morningstar Credit Ratings, LLC	United States	yes	no	no	no	no	---
39	DBRS Rating GmbH	Germany	no	yes	no	no	no	---
40	DBRS Ratings Ltd	Canada	yes	no	no	yes	no	---
41	DBRS Ratings Ltd (UK)	United Kingdom	no	no	yes^[15]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
42	Demotech Inc.	United States	no	no	no	no	no	---
43	Dun & Bradstreet	United States	no	no	no	no	no	---
44	Egan-Jones Ratings Company (EJR)	United States	yes	yes	yes^[16]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
45	Emerging Credit Rating Ltd (ECRL)	Bangladesh	no	no	no	no	no	---
46	Euromoney Country Risk (ECR)	United Kingdom	no	no	no	no	no	---
47	EuroRating Sp. z o.o.	Poland	no	yes	no	no	no	---
48	Expert RA	Russia	no	no	no	no	no	---
49	Far East Credit Rating Co., Ltd.^[17]previously Shanghai Far-East Credit Rating Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
50	Fedafin	Switzerland	no	no	no	yes	no	---
51	Feller Rate Clasificadora de Riesgo	Chile	no	no	no	no	no	---
52	Fitch Ireland Ratings Limited	Ireland	no	yes	no	no	no	---
53	Fitch Ratings	United States	yes	no	no	yes	no	---
54	Fitch Ratings CIS Limited	United Kingdom	no	no	yes^[18]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
55	Fitch Ratings España S.A.U.	Spain	no	yes	no	no	no	---
56	Fitch Ratings Limited	United Kingdom	no	no	yes^[19]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
57	FitchBohua	People's Republic of China	no	no	no	no	yes	---
58	GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH	Germany	no	yes	no	no	no	---
59	Global Credit Ratings Co.	South Africa	no	no	no	no	no	---
60	Golden Credit Rating International Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
61	HR Ratings de México, S.A. de C.V. (HR Ratings)	Mexico	yes	yes	yes^[20]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
62	ICAP S.A.	Greece	no	yes	no	no	no	---
63	ICRA^[21]a Moody's Investor Service Company	India	no	no	no	no	no	---
64	Inbonis SA	Spain	no	yes	no	no	no	---
65	INC Rating Sp. z o.o.	Poland	no	no	no	no	no	---
66	Interfax Rating Agency (IRA)	Russia	no	no	no	no	no	---
67	Islamic International Rating Agency, B.S.C. (IIRA)	Bahrain	no	no	no	no	no	---
68	Japan Credit Rating Agency Ltd.	Japan	yes	yes	yes^[22]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
69	JCR Eurasia Rating (JCR-ER)	Turkey	no	no	no	no	no	---
70	Kobirate A.Ş.	Turkey	no	no	no	no	no	---
71	Korea Investors Service^[23]an affiliate of Moody's Investor Service	South Korea	no	no	no	no	no	---
72	Korea Ratings Corporation	South Korea	no	no	no	no	no	---
73	Kroll Bond Rating Agency	United States	yes	no	no	no	no	---
74	Kroll Bond Rating Agency Europe Limited	Ireland	no	yes	no	no	no	---
75	Kroll Bond Rating Agency UK Limited	United Kingdom	no	no	yes^[24]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
76	Levin and Goldstein	Zambia	no	no	no	no	no	---
77	Liberum Ratings Serviços Financeiros, Ltda.	Brazil	no	no	no	no	no	CVM^[25]Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
78	Malaysian Rating Corporation Berhad (MARC)	Malaysia	no	no	no	no	no	---
79	modeFinance S.r.l.	Italy	no	yes	no	no	no	---
80	Moody's Investors Service	United States	yes	no	no	yes	no	---
81	Moody’s Deutschland GmbH	Germany	no	yes	no	no	no	---
82	Moody’s France S.A.S.	France	no	yes	no	no	no	---
83	Moody’s Investors Service (Nordics) AB	Sweden	no	yes	no	no	no	---
84	Moody’s Investors Service Cyprus Ltd	Cyprus	no	yes	no	no	no	---
85	Moody’s Investors Service España S.A.	Spain	no	yes	no	no	no	---
86	Moody’s Investors Service Ltd	United Kingdom	no	no	yes^[26]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
87	Moody’s Italia S.r.l.	Italy	no	yes	no	no	no	---
88	Nordic Credit Rating AS	Norway	no	yes	no	no	no	---
89	Pacific Credit Rating (PCR)	Peru	no	no	no	no	no	---
90	Pakistan Credit Rating Agency, Ltd. (PACRA)	Pakistan	no	no	no	no	no	---
91	Pefindo Credit Rating Agency	Indonesia	no	no	no	no	no	---
92	Philippine Rating Services (PhilRatings)	Philippines	no	no	no	no	no	---
93	Qivalio SAS ^[27]previously Spread Research	France	no	yes	no	no	no	---
94	RAM Rating Services Berhad	Malaysia	no	no	no	no	no	---
95	Rapid Ratings International, Inc. (RRI)	United States	no	no	no	no	no	---
96	Rating and Investment Information, Inc. (R&I)	Japan	no	no	no	no	no	---
97	Rating-Agentur Expert RA GmbH	Germany	no	yes	no	no	no	---
98	S&P Global Ratings	United States	yes	no	no	yes	no	---
99	S&P Global Ratings Europe Ltd	Ireland	no	yes	no	no	no	---
100	S&P Global Ratings UK Ltd	United Kingdom	no	no	yes^[28]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
101	SAHA A.Ş.	Turkey	no	no	no	no	no	---
102	Scope Hamburg GmbH^[29]previously Euler Hermes Rating GmbH	Germany	no	yes	no	no	no	---
103	Scope Ratings GmbH^[30]previously Scope Ratings AG and PSR Rating GmbH	Germany	no	yes	no	yes	no	---
104	Scope Ratings UK Ltd	United Kingdom	no	no	yes^[31]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
105	Seoul Credit Rating, Inc. (SCI)	South Korea	no	no	no	no	no	---
106	Shanghai Brilliance Credit Rating & Investors Service Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
107	Shanghai Credit Information Services Co., Ltd. (CIS)	People's Republic of China	no	no	no	no	yes	---
108	SMERA Ratings, Ltd.	India	no	no	no	no	no	SEBI^[32]Registered or recognized by the SEBI - Securities and Exchange Board of India
109	Sociedad Calificadora de Riesgo Centroamericana, S.A. (SCRiesgo)	Costa Rica	no	no	no	no	no	---
110	SR Rating Prestação de Serviços, Ltda.	Brazil	no	no	no	no	no	CVM^[33]Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
111	Taiwan Ratings^[34]a S&P Global Company	Taiwan	no	no	no	no	no	---
112	TCR - Turkish Credit Rating A.Ş.	Turkey	no	no	no	no	no	---
113	Thai Rating and Information Services Co., Ltd. (TRIS)	Thailand	no	no	no	no	no	---
114	The Economist Intelligence Unit Ltd	United Kingdom	no	no	yes^[35]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	'---
115	TURKrating	Turkey	no	no	no	no	no	---
116	Uniratings Sagl^[36]previously Universalratings - RTS Ratings Pte Ltd	Switzerland	no	no	no	no	no	---
117	Veribanc, Inc.	United States	no	no	no	no	no	---
118	VIS Credit Rating Company Limited^[37]formerly JCR-VIS Credit Rating Company - VIS	Pakistan	no	no	no	no	no	SECP and SBP^[38]Securities & Exchange Commission of Pakistan and State Bank of Pakistan
119	Weiss Ratings, LLC	United States	no	no	no	no	no	---
120	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^[39]including organizations and initiatives which either have been acquired, merged, de-registered or closed.

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

List of Credit Rating Agencies

See also