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 (119 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: 5. August 2024

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

World map of credit rating agencies distribution.

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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. ^[3]a subsidy of SMERA Ratings, 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
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.^[6]former 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	---
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^[8]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^[9]a S&P Global Company	Colombia	no	no	no	no	no	---
15	Brickwork Ratings	India	no	no	no	no	no	SEBI^[10]Registered or recognized by the SEBI - Securities and Exchange Board of India and RBI^[11]Registered or recognized by the RBI - Reserve Bank of India
16	Calificadora de Riesgo	Uruguay	no	no	no	no	no	---
17	Capital Intelligence Ratings Ltd	Cyprus	no	yes	no	no	no	---
18	CARE Ratings Limited ^[12]former Credit Analysis & Research Ltd - CARE	India	no	no	no	no	no	---
19	Caribbean Information & Credit Rating Services Ltd (CariCRIS)	Trinidad and Tobago	no	no	no	no	no	---
20	Cerved Rating Agency S.p.A.^[13]former CERVED Group S.p.A.	Italy	no	yes	no	no	no	---
21	Chengxin International Credit Rating Co. Ltd	People's Republic of China	no	no	no	no	yes	---
22	China Chengxin (Asia Pacific) Credit Rating Co. Ltd	Hong Kong	no	no	no	no	no	---
23	China Lianhe Credit Rating Co. Ltd	People's Republic of China	no	no	no	no	yes	---
24	Clasificadora de Riesgo Humphreys Ltda.^[14]an affiliate of Moody's Investor Service	Chile	no	no	no	no	no	---
25	Compagnie Française d'Assurance pour le Commerce Extérieur (COFACE)	France	no	no	no	no	no	---
26	Credit Rating Agency of Bangladesh Ltd (CRAB)	Bangladesh	no	no	no	no	no	---
27	Credit Rating Information and Services Ltd	Bangladesh	no	no	no	no	no	---
28	Credit Research Initiative (CRI)^[15]part of the NUS Risk Management Institute	Singapore	no	no	no	no	no	---
29	Credit-Rating	Ukraine	no	no	no	no	no	---
30	Creditreform Rating AG	Germany	no	yes	no	no	no	---
31	CRIF Ratings S.r.l.^[16]former CRIF S.p.a.	Italy	no	yes	no	no	no	---
32	CRISIL Ltd^[17]a S&P Global Company	India	no	no	no	no	no	---
33	CSCI Pengyuan^[18]former Pengyuan Credit Rating Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
34	Dagong Global Credit Rating	People's Republic of China	no	no	no	no	yes	---
35	DBRS Morningstar^[19]former Morningstar Credit Ratings, LLC	United States	yes	no	no	no	no	---
36	DBRS Rating GmbH	Germany	no	yes	no	no	no	---
37	DBRS Ratings Ltd	Canada	yes	no	no	yes	no	---
38	DBRS Ratings Ltd (UK)	United Kingdom	no	no	yes^[20]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
39	Demotech Inc.	United States	no	no	no	no	no	---
40	Dun & Bradstreet	United States	no	no	no	no	no	---
41	Egan-Jones Ratings Company (EJR)	United States	yes	yes	yes^[21]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
42	Emerging Credit Rating Ltd (ECRL)	Bangladesh	no	no	no	no	no	---
43	EthiFinance ^[22]former Qivalio SAS	France	no	yes	no	no	no	---
44	EuroRating Sp. z o.o.	Poland	no	yes	no	no	no	---
45	Far East Credit Rating Co., Ltd.^[23]former Shanghai Far-East Credit Rating Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
46	Fedafin	Switzerland	no	no	no	yes	no	---
47	Feller Rate Clasificadora de Riesgo	Chile	no	no	no	no	no	---
48	FiinRatings	Vietnam	no	no	no	no	no	Licensed by the Ministry of Finance of Viet Nam^[24]see https://www.apollo.io/companies/FiinRatings---Vietnam-Credit-Rating-Agency/5f409890f219590001d03693?chart=count
49	Fitch Ireland Ratings Limited	Ireland	no	yes	no	no	no	---
50	Fitch Ratings	United States	yes	no	no	yes	no	---
51	Fitch Ratings CIS Limited	United Kingdom	no	no	yes^[25]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
52	Fitch Ratings España S.A.U.	Spain	no	yes	no	no	no	---
53	Fitch Ratings Limited	United Kingdom	no	no	yes^[26]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
54	FitchBohua	People's Republic of China	no	no	no	no	yes	---
55	GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH	Germany	no	yes	no	no	no	---
56	GCR Ratings ^[27]former Global Credit Ratings Co.^[28]an affiliate of Moody's Investor Service	South Africa	no	no	no	no	no	---
57	Golden Credit Rating International Co., Ltd.	People's Republic of China	no	no	no	no	no	---
58	HR Ratings de México, S.A. de C.V. (HR Ratings)	Mexico	yes	yes	yes^[29]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
59	ICAP S.A.	Greece	no	yes	no	no	no	---
60	ICRA^[30]a Moody's Investor Service Company	India	no	no	no	no	no	---
61	Inbonis SA	Spain	no	yes	no	no	no	---
62	Infomerics Ratings	India	no	no	no	no	no	SEBI^[31]Registered or recognized by the SEBI - Securities and Exchange Board of India and RBI^[32]Registered or recognized by the RBI - Reserve Bank of India
63	Interfax Rating Agency (IRA)	Russia	no	no	no	no	no	---
64	Islamic International Rating Agency, B.S.C. (IIRA)	Bahrain	no	no	no	no	no	---
65	Japan Credit Rating Agency Ltd.	Japan	yes	yes	yes^[33]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
66	JCR Eurasia Rating (JCR-ER)	Turkey	no	no	no	no	no	---
67	Kobirate A.Ş.	Turkey	no	no	no	no	no	---
68	Korea Investors Service^[34]an affiliate of Moody's Investor Service	South Korea	no	no	no	no	no	---
69	Korea Ratings Corporation	South Korea	no	no	no	no	no	---
70	Kroll Bond Rating Agency	United States	yes	no	no	no	no	---
71	Kroll Bond Rating Agency Europe Limited	Ireland	no	yes	no	no	no	---
72	Kroll Bond Rating Agency UK Limited	United Kingdom	no	no	yes^[35]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
73	Liberum Ratings Serviços Financeiros, Ltda.	Brazil	no	no	no	no	no	CVM^[36]Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
74	Malaysian Rating Corporation Berhad (MARC)	Malaysia	no	no	no	no	no	---
75	modeFinance S.r.l.	Italy	no	yes	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	United States	yes	no	no	yes	no	---
79	Moody’s Investors Service (Nordics) AB	Sweden	no	yes	no	no	no	---
80	Moody’s Investors Service Cyprus Ltd	Cyprus	no	yes	no	no	no	---
81	Moody’s Investors Service España S.A.	Spain	no	yes	no	no	no	---
82	Moody’s Investors Service Ltd	United Kingdom	no	no	yes^[37]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
83	Moody’s Italia S.r.l.	Italy	no	yes	no	no	no	---
84	Moody's Local Peru ^[38]former Class y Asociados S.A.	Peru	no	no	no	no	no	---
85	National Information & Credit Evaluation, Inc. (NICE)	South Korea	no	no	no	no	no	---
86	Nordic Credit Rating AS	Norway	no	yes	no	no	no	---
87	Pacific Credit Rating (PCR)	Peru	no	no	no	no	no	---
88	Pakistan Credit Rating Agency, Ltd. (PACRA)	Pakistan	no	no	no	no	no	---
89	Pefindo Credit Rating Agency	Indonesia	no	no	no	no	no	---
90	Philippine Rating Services (PhilRatings)	Philippines	no	no	no	no	no	---
91	RAEX LLC ^[39]former Expert RA	Russia	no	no	no	no	no	---
92	RAEX-Europe Rating-Agentur Expert RA GmbH^[40]an affiliate of RAEX LLC	Germany	no	yes	no	no	no	---
93	RAM Rating Services Berhad	Malaysia	no	no	no	no	no	---
94	Rapid Ratings International, Inc. (RRI)	United States	no	no	no	no	no	---
95	Rating and Investment Information, Inc. (R&I)	Japan	no	no	no	no	no	---
96	S&P Global Ratings	United States	yes	no	no	yes	no	---
97	S&P Global Ratings Europe Ltd	Ireland	no	yes	no	no	no	---
98	S&P Global Ratings UK Ltd	United Kingdom	no	no	yes^[41]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
99	SAHA A.Ş.	Turkey	no	no	no	no	no	---
100	SaigonRatings	Vietnam	no	no	no	no	no	---
101	Scope Hamburg GmbH^[42]former Euler Hermes Rating GmbH	Germany	no	yes	no	no	no	---
102	Scope Ratings GmbH^[43]former Scope Ratings AG and PSR Rating GmbH	Germany	no	yes	no	yes	no	---
103	Scope Ratings UK Ltd	United Kingdom	no	no	yes^[44]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
104	Seoul Credit Rating, Inc. (SCI)	South Korea	no	no	no	no	no	---
105	Shanghai Brilliance Credit Rating & Investors Service Co., Ltd.	People's Republic of China	no	no	no	no	yes	---
106	Shanghai Credit Information Services Co., Ltd. (CIS)	People's Republic of China	no	no	no	no	yes	---
107	SMERA Ratings Private Ltd.	India	no	no	no	no	no	SEBI^[45]Registered or recognized by the SEBI - Securities and Exchange Board of India
108	Sociedad Calificadora de Riesgo Centroamericana, S.A. (SCRiesgo)	Costa Rica	no	no	no	no	no	---
109	SR Rating Prestação de Serviços, Ltda.	Brazil	no	no	no	no	no	CVM^[46]Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
110	Taiwan Ratings^[47]a S&P Global Company	Taiwan	no	no	no	no	no	---
111	Thai Rating and Information Services Co., Ltd. (TRIS)	Thailand	no	no	no	no	no	---
112	The Economist Intelligence Unit Ltd	United Kingdom	no	no	yes^[48]See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras	no	no	---
113	TURKrating	Turkey	no	no	no	no	no	---
114	Uniratings Sagl^[49]former Universalratings - RTS Ratings Pte Ltd	Switzerland	no	no	no	no	no	---
115	Veribanc, Inc.	United States	no	no	no	no	no	---
116	Vietnam Investment Credit Rating	Vietnam	no	no	no	no	no	---
117	VIS Credit Rating Company Limited^[50]former JCR-VIS Credit Rating Company - VIS	Pakistan	no	no	no	no	no	SECP and SBP^[51]Securities & Exchange Commission of Pakistan and State Bank of Pakistan
118	Weiss Ratings, LLC	United States	no	no	no	no	no	---
119	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^[52]including organizations and initiatives which either have been acquired, merged, de-registered or closed.

ID	Credit Rating Agency	Headquarter	SEC	ESMA	FCA	FINMA	PBOC	other authorities
1	Academic Credit Rating (ACR)	Spain	no	no	no	no	no	---
2	ACRA Europe, a.s.^[53]former European Rating Agency ERA	Slovakia	no	no	no	no	no	---
3	Axesor Risk Management SL	Spain	no	no	no	no	no	---
4	Berkshire Hathaway Credit Ratings Inc.	United States	no	no	no	no	no	---
5	Beyond Ratings SAS	France	no	no	no	no	no	---
6	Capital Standards Rating (CSR)	Kuwait	no	no	no	no	no	---
7	Central European Rating Agency (CERA)	Poland	no	no	no	no	no	---
8	DG International Ratings SRL^[54]former Dagong Europe Credit Rating Srl	Italy	no	no	no	no	no	---
9	Equilibrium Clasificadora de Riesgo Panama^[55]an affiliate of Moody's Investor Service	Panama	no	no	no	no	no	---
10	Equilibrium Clasificadora de Riesgo Peru^[56]an affiliate of Moody's Investor Service	Peru	no	no	no	no	no	---
11	Euromoney Country Risk (ECR)	United Kingdom	no	no	no	no	no	---
12	Feri EuroRating Services AG	Germany	no	no	no	no	no	---
13	Fitch Deutschland GmbH	Germany	no	no	no	no	no	---
14	Fitch France S.A.S.	France	no	no	no	no	no	---
15	Fitch Italia S.p.A.	Italy	no	no	no	no	no	---
16	Fitch Polska S.A.	Poland	no	no	no	no	no	---
17	INC Rating Sp. z o.o.	Poland	no	no	no	no	no	---
18	International Non-Profit Credit Rating Agency (INCRA)	United States	no	no	no	no	no	---
19	Levin and Goldstein	Zambia	no	no	no	no	no	---
20	Moody’s Investors Service EMEA Ltd	United Kingdom	no	no	no	no	no	---
21	Muros Ratings	Russia	no	no	no	no	no	---
22	ONICRA Credit Rating Agency of India Ltd.	India	no	no	no	no	no	---
23	Ontonix	Italy	no	no	no	no	no	---
24	Public Sector Credit Solutions	United States	no	no	no	no	no	---
25	Qivalio SAS ^[57]former Spread Research	France	no	no	no	no	no	---
26	Realpoint, LLC	United States	no	no	no	no	no	---
27	RusRating	Russia	no	no	no	no	no	---
28	S&P Global Ratings Italy S.r.l.	Italy	no	no	no	no	no	---
29	S&P Global Ratings Italy SAS	France	no	no	no	no	no	---
30	SPMW Rating Sp.z.o.o.	Poland	no	no	no	no	no	---
31	TCR - Turkish Credit Rating A.Ş.	Turkey	no	no	no	no	no	---
ID	Credit Rating Agency	Headquarter	SEC	ESMA	FCA	FINMA	PBOC	other authorities

References
↑1, ↑52	including organizations and initiatives
↑2, ↑7, ↑20, ↑21, ↑25, ↑26, ↑29, ↑33, ↑35, ↑37, ↑41, ↑44, ↑48	See https://www.fca.org.uk/markets/credit-rating-agencies/registered-certified-cras
↑3	a subsidy of SMERA Ratings, Ltd.
↑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	former Companhia Portuguesa de Rating, S.A
↑8, ↑36, ↑46	Registered or recognized by the CVM - Brazilian Securities and Exchange Commission, see http://www.cvm.gov.br/menu/regulados/agenciasrisco/sobre.html
↑9, ↑17, ↑47	a S&P Global Company
↑10, ↑31, ↑45	Registered or recognized by the SEBI - Securities and Exchange Board of India
↑11, ↑32	Registered or recognized by the RBI - Reserve Bank of India
↑12	former Credit Analysis & Research Ltd - CARE
↑13	former CERVED Group S.p.A.
↑14, ↑28, ↑34, ↑55, ↑56	an affiliate of Moody's Investor Service
↑15	part of the NUS Risk Management Institute
↑16	former CRIF S.p.a.
↑18	former Pengyuan Credit Rating Co., Ltd.
↑19	former Morningstar Credit Ratings, LLC
↑22	former Qivalio SAS
↑23	former Shanghai Far-East Credit Rating Co., Ltd.
↑24	see https://www.apollo.io/companies/FiinRatings---Vietnam-Credit-Rating-Agency/5f409890f219590001d03693?chart=count
↑27	former Global Credit Ratings Co.
↑30	a Moody's Investor Service Company
↑38	former Class y Asociados S.A.
↑39	former Expert RA
↑40	an affiliate of RAEX LLC
↑42	former Euler Hermes Rating GmbH
↑43	former Scope Ratings AG and PSR Rating GmbH
↑49	former Universalratings - RTS Ratings Pte Ltd
↑50	former JCR-VIS Credit Rating Company - VIS
↑51	Securities & Exchange Commission of Pakistan and State Bank of Pakistan
↑53	former European Rating Agency ERA
↑54	former Dagong Europe Credit Rating Srl
↑57	former Spread Research

List of Credit Rating Agencies

See also