Credit rating agencies

Credit Rating Agencies (CRAs) are financial services firms that issue credit ratings, which are opinions on the creditworthiness of an issuer or security. Any legal person wishing to issue credit ratings in the UK for regulatory purposes, publicly or by subscription, will need to be registered or certified with us.

CRAs perform an integral role within global financial markets by providing opinions on the creditworthiness of a wide variety of financial instruments. Credit rating activities must be conducted in accordance with the principles of integrity, transparency, responsibility and good governance in order to ensure that resulting credit ratings used in the UK are independent, objective and of adequate quality.


We supervise CRAs according to the current EU Credit Rating Agencies Regulation which was onshored into UK law on 31 December 2020, with the necessary modifications contained in the CRA Regulations 2019. We refer to this collectively as the CRA Regulation.

Use of Credit Ratings in the UK

UK firms may use credit ratings in the calculation of their capital requirements and for assessing risks in investment activity. UK firms using ratings for regulatory use in the UK need to use ratings that are issued or endorsed by a UK registered or certified CRA.


Here we list the CRAs which are registered or certified with us, or otherwise entitled to offer CRA services in the UK under the Temporary Registration Regime

The list below will be updated as necessary and does not supersede the Financial Services Register.

A.M. Best Europe, Rating Services Limited 

ARC Ratings 

DBRS Ratings Limited 

Egan-Jones Ratings Company [certified]

Fitch Ratings Limited 

Fitch Ratings (CIS) Limited 

HR Ratings de Mexico [certified]

Kroll Bond Rating Agency UK Limited  

Japan Credit Rating Agency [certified]  

Moody’s Investors Service Limited  

S&P Global Ratings UK Limited 

Scope Ratings UK Limited 

The Economist Intelligence Unit Limited 

Public Ratings Database

For more information on the CRAs listed above, you can access our Public Ratings Database. Users can also access information on individual credit ratings.

Unregulated Activities

Any firm that is carrying out credit rating activities in the UK without being registered with us is operating in breach of the CRA Regulation.

If you have any information on a firm that may be breaching the CRA regulation or are a firm that would like clarification as to whether it is engaging in credit rating activities, then please contact the Supervision Department at [email protected].

Page updates

24/11/2021: Information changed Out of date content removed, other content updated
02/03/2021: Link added List of third country jurisdictions meeting the conditions for endorsement or certification of credit ratings in the UK
04/01/2021: Link added Public Ratings Database