Industry Analysis & Industry Trends
Credit bureaus and rating agencies collect, store and manage data about consumers and businesses. The industry is responsible for mitigating risk, regulating activity and standardising information for its clients, which include investors, credit issuers, investment banks, broker-dealers, governments and the general public. The industry can be divided into two separate segments: credit bureaus and credit rating agencies (CRAs). Credit bureaus help lenders assess the creditworthiness of prospective customers by collecting information on consumers' borrowing and repayment history. CRAs evaluate risk and assign ratings to various credit issuers and debt instruments... purchase to read more
Industry Report - Industry Products Chapter
The industry is made up 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. Additional functions include services like credit fraud detection. At their core, both sides of the industry assist the efficient allocation of capital by providing a centralised source of quantified information on borrowers' creditworthiness. This helps creditors decide 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