Global rating agencies usually rate US dollar issues. Most Asian markets have domestic credit rating agencies to rate local issues, including shari'a-compliant securities.
A compilation of the basic profiles of selected domestic credit rating agencies for ASEAN+3 countries is provided below. For more detailed information on local rating agencies, please refer to the market home pages.
The Association of Credit Rating Agencies in Asia (ACRAA) was created to help exchange skills and ideas across rating agencies, and to promote best practices and standards of conduct within the region. The table below shows the credit ratings agencies within ASEAN+3 markets that are also members of ACRAA.
Rating DefinitionsRating definitions vary from agency to agency. The web links below give rating definitions of major global credit rating agencies.
Most markets have domestic credit rating agencies. For more information on their rating definitions, please refer to market home pages.
MethodologyA typical rating methodology uses financial reports as a starting point for the assessment of creditworthiness. The rating procedures of the major global credit rating agencies are accessible through the links below. Rating methodologies for structured financial products are also provided through the links below.
Most markets have domestic credit rating agencies. For more information on their rating methodologies, please refer to market home pages.
Company Ratings
The latest credit ratings assigned to major Asian corporate bond issuers by global rating agencies are linked below.