ARC Ratings is an international credit rating agency headquartered in Lisbon. It was created to be an alternative to the big three North American rating agencies S&P, Moody's and Fitch.[1]
They are registered with the European Securities and Markets Authority[2] and the UK Financial Conduct Authority (FCA),[3] and have offices in London, Johannesburg, Harare, Lagos, London, Kuala Lumpur, Malé, Mumbai, Nairobi, Paris and São Paulo.
History
editIn 1988, Companhia Portuguesa de Rating, S.A. was founded in Portugal, focusing on domestic assignments.[4]
In 2013, the company was renamed ARC Ratings, and a number of credit rating agencies joined forces into the new consortium:
- Credit Analysis and Research Limited from India (Asia),[5] the second largest credit rating agency in India
- Global Credit Rating Company Limited from South Africa (Africa),[5] the largest credit rating agency in Africa
- Malaysian Rating Corporation Berhad from Malaysia (Asia)[5]
- SR Rating Group from Brazil (South America)[5]
In 2015, ARC Ratings moved from being a consortium to a main shareholder structure, and claims to compete as a rating agency globally against the Big Three credit rating agencies.[4]
References
edit- ^ "CARE joins four others to launch global rating agency". Reuters (in.reuters.com). Archived from the original on 17 October 2015. Retrieved 17 October 2015.
- ^ "CRA Authorisation". Retrieved 2024-12-21.
- ^ "NewRegister". Retrieved 2024-12-21.
- ^ a b "Company profile". Retrieved 2024-12-21.
- ^ a b c d "CARE joins four others to launch global rating agency". Reuters. 2015-10-17. Retrieved 2024-12-21.