Money and Finance

Association of Credit Rating Agencies in Asia (ACRAA)

The Association of Credit Rating Agencies in Asia (ACRAA) was organized on 14 September 2001 at the Asian Development Bank headquarters in Metro Manila, by 15 Asian credit rating agencies from 10 countries, a pioneering event to bring domestic credit rating agencies in a regional cooperative effort. As of May 2018, ACRAA has 28 members from 13 countries.


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.

ACRAA includes credit agencies from the following economies: Bangladesh; the People’s Republic of China; India; Indonesia; Japan; the Republic of Korea; Malaysia; Pakistan; the Philippines; Taipei,China; and Thailand.


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  • ACRAA Annual Meeting
    24 Nov 2006