Association of Credit Rating Agencies in Asia (ACRAA)

The Association of Credit Rating Agencies in Asia (ACRAA) held its first plenary meeting in September 2001, attended by 15 Asian credit rating agencies. To date, membership has expanded to include 23 credit agencies from 13 member economies.

ACRAA was organized to exchange information, experiences, and skills among credit rating agencies in Asia, to enhance their role in providing reliable market information. Also, ACRAA aims to undertake activities to promote the adoption of best practices and common standards throughout Asia, as well as to promote development of capital markets in Asia and cross-border investment throughout the region. To achieve these objectives, the Asian Development Bank (ADB) has worked closely with ACRAA by sponsoring and assisting in conducting training workshops and dialogues.