Industry Analysis & Industry Trends
Credit bureaus and ratings agencies collect, store and manage data about consumers and businesses across the United Kingdom. The industry is responsible for mitigating risk, regulating activity and standardising information for clients, including investors, credit issuers, investment banks, broker-dealers, governments and the public. The industry can be divided into two separate areas: credit bureaus and credit rating agencies (CRAs). Credit bureaus help lenders assess the creditworthiness of prospective customers by collecting information on consumer borrowing and repayment histories. In contrast, CRAs are in the business of evaluating risk and assigning ratings to various credit issuers and debt instruments... purchase to read more
Industry Report - Industry Products Chapter
This is an industry of two distinct sides. On the rating agencies side, firms rate debt securities and their issuers. On the credit bureau side, firms supply credit reports and information on consumers and businesses. The ‘other' product segment consists of additional services such as credit fraud detection. At their core, the function of both sides of the industry is to assist in the efficient allocation of capital by providing a centralised source of quantified information on borrowers' creditworthiness. This assists creditors in deciding if, and at what price, they are willing to provide credit to a particular borrower or purchase a debt security in secondary markets... purchase to read more