Credit rating agency

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(CRA).

A firm or unit within a firm that issues credit rating opinions that are often summarised in an alpha-numerical rank ordering.

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


Other links

European updates on CRAs.