Collaboration & Membership

Member of ACRAA :

CRAB is an active member of the Association of Credit Rating Agencies in Asia (ACRAA). ACRAA is a federation of domestic rating agencies of the Asian continent – including those of Japan, Philippines, Malaysia, Indonesia, Korea, India, Pakistan, China, Taiwan and Bangladesh, established with support and cooperation of the Asian Development Bank (ADB). As a member CRAB participates in all the activities of this association. (Read More About ACRAA)

About ACRAA:
ACRAA was organized on 14 September 2001 at the Asian Development Bank headquarters, Metro Manila, by 15 Asian credit rating agencies from 11 countries. As of 2005, membership has increased to 20 members. Please see ACRAA Directory of Members.

ACRAA’s Objectives (as stated in the Articles of Incorporation):
The Association of Credit Rating Agencies in Asia is organized for the following purposes:

To develop and maintain cooperative efforts that promote interaction and exchange of ideas, experiences, information, knowledge and skills among credit rating agencies in Asia and that would enhance their capabilities and their role of providing reliable market information.

To undertake activities aimed at promoting the adoption of best practices and common standards that ensure high quality and comparability of credit ratings throughout the region, following the highest norms of ethics and professional conduct.

To undertake activities aimed at promoting the development of Asia’s bond markets and cross-border investment throughout the region.