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.
News
- Philippines: Banko Sentral ng Pilipinas (BSP), Japan International Cooperation Agency (Jica) launch credit database to help small firms acquire bank loansInquirer.net10 Dec 2020
Opinions and Editorials
- Bangladesh: Private sector external financing is a catalyst for growthThe Daily Star - Bangladesh2 Jul 2013
- Philippines: Pragmatic ratingInquirer.net28 Jan 2013
- Developing the ASEAN domestic bond marketsBusiness Mirror28 Aug 2012
- Moody's: Global bank ratings down, Indonesia's on the riseThe Jakarta Post27 Feb 2012
Studies and Research
- Emergence of rating agencies: implications for establishing a regional rating agency in Asia Tsai, Ying Yi and Li-Gang LiuAsian Development Bank Institute1 Aug 2010
- Handbook on international best practices in credit ratingAsian Development Bank1 Dec 2008
- ACRAA and harmonization under the Asian Bond Market InitiativeImai, KazuoOrganisation for Economic Co-operation and Development28 Sep 2004
Meetings
- ACRAA Annual Meeting24 Nov 2006
