Agencies conduct both quantitative and qualitative analyses, including:
: The global market is dominated by three major agencies: S&P Global Ratings, Moody’s Investors Service, and Fitch Ratings . Together, they hold approximately 95% of the market share. credit rating wiki
: Ratings from AAA down to BBB- (or Baa3 for Moody's). These indicate a relatively low to moderate risk of default. Moody’s Investors Service
: Ratings are expressed as letter grades, typically ranging from AAA (highest quality) to D (default) . and Fitch Ratings . Together
: Governance structures and historical repayment behavior.
: Political stability (for sovereign ratings), inflation, and industry trends.