3 ms·

Can anyone start a ratings agency? Or is it special somehow?

• nradov 3y ago
  Rating agencies have to comply with the SEC registration rules. There are currently 10, but only 3 dominate the market for large bond issues. In theory anyone could start a new one but in practice it would be difficult. The most recent company to obtain registration was Demotech which did it in 2022 but the company had been around since 1985. https://www.sec.gov/about/divisions-offices/office-credit-ratings/oversight-nrsros-small-entity-compliance-guide https://www.sec.gov/about/divisions-offices/office-credit-ra...