At 64 credit rating agencies worldwide (Mar-2008), this list is only one more than our previous tally, see the historical list. Listing all the world's credit rating agencies is a hopeless task, but several kind people have written to me so this compilation represents significant turnover, see the nine names dropped from prior list. Interestingly, mechanical credit scoring continues to gain acceptance and application. This trend is fueled by: a) increased uniformity and electronic reporting of financial information, 2) decreased "name recognition" of borrowers by investor/lenders, as 3) credit becomes more global, 4) an increased ability to make use of a quantitative value within the growing tide of Credit Value-at-Risk models/systems, and 5) regulator incentives for some to adopt an Internal Models Approach. But I'm hearing that in many cases, the mechanical credit scoring is bolstering, rather than displacing, human judgments.
A.M. Best Company, Inc.
US -- NRSRO Agusto & Co. Ltd.
Nigeria Ahbor Rating
Uzbekistan Apoyo & Asociados Internacionales S.A.C.
Peru -- Fitch Associate Bank Watch Ratings S.A.
Ecuador -- Fitch Affiliate BRC Investor Services S.A.
Columbia Calificadora de Riesgo, PCA
Uruguay Capital Intelligence, Ltd.
Cyprus Caribbean Information & Credit Rating Services Ltd. (CariCRIS)
Caribbean Central European Rating Agency (CERA)
a/k/a: Fitch Polska, S.A.
Poland Chengxin International Credit Rating Co., Ltd.
China -- Fitch Affiliate China Lianhe Credit Rating, Co. Ltd.
China Clasificadora de Riesgo Humphreys, Ltda.
Chile -- Moody's Affiliate Class y Asociados S.A. Clasificadora de Riesgo
Peru CMC International, Ltd.
Nigeria Companhia Portuguesa de Rating, SA (CPR)
Portugal Credit Analysis & Research Ltd (CARE)
India Credit Rating Agency of Bangladesh, Ltd. (CRAB)
Bangladesh Credit Rating Information and Services, Ltd. (CRISL)
Bangladesh CRISIL, Ltd.
f/k/a: Credit Rating Information Services of India
India -- S&P Affiliate Dagong Global Credit Rating Co., Ltd.
China Dominion Bond Rating Service (DBRS)
Canada -- NRSRO Duff & Phelps de Colombia, S.A., S.C.V
Columbia -- Fitch Affiliate Ecuability, SA
Ecuador Egan-Jones Rating Company
US -- NRSRO Equilibrium Clasificadora de Riesgo
Peru -- Moody's Affiliate European Rating Agency (ERA)
UK Feller Rate Clasificadora de Riesgo
Chile -- S&P Affiliate Fitch Ratings, Ltd.
US/UK -- NRSRO Global Credit Rating Co.
S.Africa HR Ratings de Mexico, S.A. de C.V.
Added: 12-Jan-09
Mexico Interfax Rating Agency (IRA)
Russia Investment Information and Credit Rating Agency (ICRA)
India Islamic International Rating Agency, B.S.C. (IIRA)
Bahrain Japan Credit Rating Agency, Ltd. (JCR)
Japan -- NRSRO JCR-VIS Credit Rating Co. Ltd.
Pakistan -- JCR Affiliate Korea Investors Service, Inc. (KIS)
Korea -- Moody's Affiliate Korea Ratings Corporation
f/k/a: Korea Management Consulting and Credit Rating Corp. (KMCC)
Korea -- Fitch Affiliate LACE Financial Corp,
Added: 20-Jan-09
US -- NRSRO Lanka Rating Agency, Ltd. (LRA)
Sri Lanka -- Subsidiary of RAM Malaysian Rating Corporation Berhad (MARC)
Malaysia -- Fitch Affiliate Mikuni & Co., Ltd.
Japan Moody's Investors Service
US -- NRSRO National Information & Credit Evaluation, Inc. (NICE)
Korea ONICRA Credit Rating Agency of India, Ltd.
India P.T. Kasnic Credit Rating Indonesia -- Indonesia
Indonesia -- Moody's Affiliate P.T. PEFINDO Credit Rating Indonesia
a/k/a: PT Pemeringkat Efek Indonesia
Indonesia Pacific Credit Rating (PCR)
a/k/a: Clasificadora de Riesgo Pacific Credit Rating S.A.C.
Peru Pakistan Credit Rating Agency, Ltd. (PACRA)
Pakistan -- Fitch former affiliate Philippine Rating Services, Corp. (PhilRatings)
Philippines RAM Rating Services Berhad (RAM)
f/k/a: Rating Agency Malaysia Berhad
Malaysia -- S&P Affiliate Rapid Ratings International, Inc.
Australia/NZ Rating and Investment Information, Inc. (R&I)
Japan -- NRSRO Realpoint, LLC
Added: 20-Jan-09
US -- NRSRO Rus Ratings
Russia Seoul Credit Rating & Information, Inc.
Korea -- JCR Affiliate Shanghai Credit Information Services Co., Ltd.
China Shanghai Far East Credit Rating Co., Ltd.
a/k/a: Xinhua Far East Credit Ratings
China Slovak Rating Agency, a.s. (SRA)
a/k/a: Slovenská ratingová agentúra, a.s.
Balkans -- ERA Affiliate SME Rating Agency of India Limited (SMERA)
Added: 11-Apr-08
India Sociedad Calificadora de Riesgo Centroamericana, S.A. (SCRiesgo)
Costa Rica Standard and Poors (S&P)
US -- NRSRO Taiwan Ratings, Corp. (TCR)
Taiwan -- S&P Affiliate Thai Rating and Information Services Co., Ltd. (TRIS)
Thailand TheStreet.com Ratings, Inc.
f/k/a: Weiss Ratings, Inc.
US Türk KrediRating (TCRating)
Turkey Veribanc, Inc.
US
Listed here are agencies that no longer stand as independent. Five were absorbed into the Big Three. It was discovered that two had aliases making them (previously) doubly counted. One has changed its business to become an equity/info shop. Agence d'Évaluation Financičre (ADEF)
France -- Absorbed by S&P CRA Rating Agency
f/k/a: Czech Rating Agency
Czech Republic -- Absorbed by Moody's Credit Information Bureau Ltd. (CIB)
India -- Determined to distribute information without a rating. 11-Apr-08 Duff & Phelps Credit Rating Co.
US -- Absorbed by Fitch Humphreys Argentina Calificadora de Riesgo S.A.
f/k/a: Ratto-Humphreys, Calificadora de Riesgo S.A.
Argentina -- Absorbed by Moody's Humphreys Clasificadora de Riesgo
a/k/a: Clasificadora de Riesgo Humphreys, Ltda.
Chile -- Redundant SKATE
Russia -- Became an equity/info shop Thompson BankWatch
US -- Absorbed by Fitch VALUE Calificadora de Riesgo, S.A.
Argentina -- Absorbed by Moody's Xinhua Far East China Ratings
a/k/a: Shanghai Far East Credit Rating Co., Ltd.
China -- Redundant
Rating Agencies: Is There an Agency Issue? | 
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