Table of ContentsTypes of Credit RatingsNational Ratings:International Ratings:Sovereign Credit Ratings:Banks and Other Financial Institutions:Corporates:Issue Credit Ratings:Credit Rating (CR) is an overall definition in light of the pre-indicated scale and reflects the basic credit risk for a given introduction. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get Original EssayThe credit rating industry of Bangladesh started its journey with the mandatory prerequisite of having a credit rating for all open bond instruments, issues with correct bids and bids issued at a premium before the same is offered to the general population. In 2002, Credit Rating Information and Service Limited (CRISL) started its task as the leading approved credit rating organization in Bangladesh. The second rating bureau, the Credit Rating Agency of Bangladesh Limited (CRAB), started operations in this manner in 2004, which made management more difficult for two rating bureaus. Bangladesh Bank Credit Risk Rating Manual has been dispensed by Bangladesh Bank vide BRPD Circular No. 18 dated December 11, 2005 on Implementation of Credit Risk Rating Manual which is basically used for review credit risk assessment before a bank moves forward with obtaining it. customers. At this stage, CRISL rating reports had all the characteristics of being extremely useful to clients; Unusually, the CRISL rating report on the then Al Baraka Bank persuaded the Bangladesh Bank of the need for a credit rating and it intensified its efforts to make this information mandatory for all banks before proceeding to open advertising. Following the case of the central bank, the Protection Controller additionally thought of the prerequisite to make the rating obligatory consistently for all major insurance agencies and for additional security organizations twice a year. The Dhaka Stock Exchange, while laying down the direct listing regulations, has made credit rating mandatory before a company applies for a 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 Asian Credit Rating Agencies, Bangladesh has the largest number of credit rating agencies. India; one of Asia's largest economies has just two credit rating companies. On the other hand, China, another larger economy, continues its economic growth with only one credit rating company. , and unlike CI's various assessments, they do not appear to be intended to be virtually identical across countries. A territorial national rating unit used in countries whose sovereign credit rating region falls below 'AAA' on CI's global rating scales, and wherever there is sufficient demand from market members capital for such assessments. National ratings change the engagement assessments in each country to be reported on a full rating scale (from “AAA” to “D”), allowing for greater separation of credits than would otherwise be possible. be obtained under broadly similar rating scales. International Ratings: Guarantor credit ratings (for governments, monetary organizations and business institutions) condense the general reliability of an item as well as its.