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credit bureau
(redirected from Credit rating agency)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.

credit bureau

Organization that provides information to merchants or other businesses concerning the creditworthiness of their customers. Credit bureaus may be private enterprises or may be operated on a cooperative basis by the merchants in one locality. Users of the service pay a fee and receive information from various sources, including businesses that have granted the customer credit in the past, public records, newspapers, the customer's employment record, and direct investigation.



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When a credit rating agency is invited to rate takaful and retakaful insurance--which is happening with increasing regularity as their numbers grow--it has to consider the practical implications for its analysis of this Shariah-compliant concept of insurance.
In 2006, Congress passed the Credit Rating Agency Reform Act that provided the SEC with authority to impose registration, recordkeeping, and reporting rules on credit rating agencies registered as Nationally Recognised Statistical Rating Organisations (NRSRO).
Trevor is a senior sovereign analyst at the credit rating agency Standard and PoorAEs (S&P).
 
 
 
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