Source Issuer Rating
AA_DE DELA Coöperati.. A
AA_DE Verband öffent.. A+
AA_DE Credit Life AG A+
AA_DE Stuttgarter Leb.. A
AA_DE PrismaLife AG BBB+
RP - 2022-04-04
Estimated EU and UK credit rating agencies market shares for 2021

RP - 2022-02-04
Scheduled Sovereign Rating Reviews for February 2022

RP - 2022-01-03
ESMA publishes EU rating agencies market shares report

Regulatory use - Asia Pacific

The above graph is a simplified presentation - it mentions all CRAs head-quartered in the Asia Pacific region. Note that some agencies may be registered in several countries and that CRAs from other regions may be equally be recognized. We have retained from mentioning all as this would overcharege the graph. 



Hong Kong

Legal framework

The regulatory regime governing CRAs operating in Hong Kong became effective on 1 June 2011 under the supervision of the Securities & Futures Commission of Hong Kong ("SFC")

Registered players

According to the SFC website  (update October 10th, 2012), the following companies have a Type 10 (“providing credit rating services”) license:

List of credit rating agencies in Hong Kong

Relation with European Union

On March 15th, ESMA announced that EU-registered CRAs may endorse credit ratings issued in Hong Kong.

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The Financial Services Agency of Japan (“FSA Japan”) is the supervisor of CRAs in Japan.

Registered Credit Rating Agencies:

Currently registered are the following companies

List of Credit rating agencies in Japan

Source: http://www.fsa.go.jp/en/regulated/licensed/cra.pdf

The Japanese regualtory regime on CRAs is equivalent to the European framework



Currently registered with the Monetary Authority of Singapore (“MAS”) are the following companies:

  1. A.M. Best Asia-Pacific (Singapore) PTE. LTD.
  2. Fitch Ratnigs Singapore PTE Ltd
  3. Moody’s Investors Services Singapore PTE Ltd
  4. Standard & Poor’s Singapore PTE ltd.


Relation with European Union

On March 15th, ESMA announced that EU-registered CRAs may endorse credit ratings issued in Singapore. In July 2012, ESMA and the Monetary Authority of Singapore (“MAS”) entered into a Memorandum of Understanding regarding the cooperation of competent authorities for the supervision of Credit Rating Agencies.