Credit rating agency
(CRA).
Well known credit rating agencies include Moody's, Standard & Poor's, and Fitch.
A credit rating agency is a specialist firm - or unit within a firm - that issues credit rating opinions that are often summarised in an alpha-numerical rank ordering - for example AAA.
Because of the trend towards regulation of credit rating agencies, some firms take care to avoid calling themselves a credit rating agency or to call their opinions credit ratings.
In the US, the key recognition of long standing is as Nationally Recognised Statistical Rating Organisation (NRSRO) by the Securities and Exchange Commission.
The European Union subsequently followed suit with the idea of registered and certified credit rating agencies being recognised by the European Securities and Markets Authority (ESMA).
See also
- AAA
- Corporate credit ratings: a quick guide
- Credit rating
- Credit reference agency
- Credit risk
- External Credit Assessment Institution
- Fitch
- Moody's
- Ratings
- SRA
- Standard & Poor's
- Sustainability
