Nationally Recognized Statistical Rating Organization

The title of Nationally Recognized Statistical Rating Organization ( NRSRO ) is a formal recognition of a rating agency that is issued by the United States Securities and Exchange Commission (SEC) since the year 1975. Ratings of companies that have recognition as a NRSRO may be used in the United States for capital market purposes. The term NRSRO corresponds to the External Credit Assessment Institution ( ECAI ) in the European Union for their approval, the European Banking Authority is responsible.

. Was originally approved seven rating agencies, the number fell through acquisitions to three in 2003 As of January 2013, 10 companies recognized as an NRSRO:

History

In the U.S. the system of Nationally Recognized Statistical Rating Organization ( NRSRO ) was introduced in July 1975 by the Securities and Exchange Commission. The SEC thus laid down the rating agencies that can meet the legal obligation of the company to seek review by at least two approved rating agencies before they are approved for the American capital market. With the Credit Rating Reform Act of 2006, a transparency in the recognition process should be achieved as previously lacked clear criteria for approval. The corresponded to the SEC in 2008.

NRSRO list

• Fitch Ratings (since 1975)
• Moody's (since 1975)
• Standard & Poor's ( since 1975)
• DBRS, Canada ( since 2003)
• A. M. Best Company (since 2005)
• Egan -Jones Rating Company ( since 2007)
• Kroll Bond Rating Agency (since 2010)