IndexTypes of Credit RatingsNational Ratings:International Ratings:Sovereign Credit Ratings:Banks and other financial institutions:Corporate:Issuance Credit Ratings:Credit Rating (CR) is an aggregate definition in light of the pre-indicated scale and reflects the underlying credit risk for a given introduction. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get Original Essay The credit rating industry of Bangladesh started its venture with the mandatory prerequisite of having a credit rating for all open obligation instruments, fair offer issues and offers issued at a premium before the same were offered to the general population. In 2002, Credit Rating Information and Service Limited (CRISL) started its operations as the leading credit rating organization of Bangladesh. The second rating bureau, the Credit Rating Agency of Bangladesh Limited (CRAB), started its operation in 2004, thus making manageability more difficult for two rating bureaus. Bangladesh Bank Credit Risk Classification Manual has been maintained by Bangladesh Bank through BRPD Circular No. 18 of 11 December 2005 on the implementation of the Credit Risk Classification Manual which is basically used to examine the credit risk assessment before a bank advances its obtaining customers. At that point CRISL rating reports had all the makings of being extremely useful to clients; unusually the CRISL rating report on the then Al Baraka Bank convinced Bangladesh Bank of the need for credit rating and moved forward to make it mandatory for all banks before moving to public advertising. Following the case of the central bank, the Security Controller also thought about the prerequisite to make the assessment mandatory for all large insurance agencies consistently and for extra security organizations twice a year. The Dhaka Stock Exchange, by issuing the Direct Listing Regulations, has made credit rating mandatory before a company applies for direct listing. The above regulations have created a favorable environment for credit rating in the country's financial and capital markets. According to the Association of Credit Rating Agencies of Asia, Bangladesh has the most notable number of credit rating organizations. India; one of Asia's largest economies has only two credit rating companies. On the other hand, China, another major economy, is continuing its economic growth with a single credit rating company. Types of Credit RatingsNational ratings: National ratings test the trustworthiness of guarantors or issues with respect to all or some unique backers or issues among indistinguishable nations, and unlike different IC ratings do not appear to be intended to be virtually identical across countries . Territorial national rating unit used in nations whose sovereign credit rating region has a track below 'AAA' on CI's global rating scales and wherever there is sufficient demand from capital market members for such ratings. Country ratings change the ratings of commitments in each country so that they are spread across a full rating scale (from "AAA" to "D"), thus allowing for greater credit segregation than is achievable with similar rating scales globally. International Ratings: Guarantor credit ratings (for governments, monetary organizations and corporate institutions) condense the overall reliability of an item and its ability and.