High score: As industry revenue grows, industry employment follows while enterprises continue to exit the industryAbstractCredit Bureaus & Rating Agencies in the US
The Credit Bureaus and Rating Agencies industry is specifically responsible for mitigating risk, regulating activity and standardizing information for clients, including investors, credit issuers, investment banks, broker-dealers, governments and consumers. Over the past five years, the industry has fared well considering its connection to consumer activity and, more explicitly, consumer spending. Demand for consumer credit reports faltered during the recession, as increased lending standards decreased the volume of credit applications. Over the five years to 2022, industry revenue is expected to grow. The financial sector is also projected to stabilize and banks will likely lower their lending standards, though not to the same extent as the sector had prior to the recession
This industry comprises operators that provide information, outlooks and ratings on the credit worthiness of particular companies, individuals, securities or financial obligations. The Credit Bureaus and Rating Agencies industry can be divided into two primary groups: credit bureaus and credit rating agencies (CRAs). Credit bureaus provide services related to consumer credit information, while CRAs generally focus on businesses, governments, securities and financial markets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.