ARC Ratings
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
[edit]In 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.