Credit Bureaus & Rating Agencies in the US
Operators in the US Credit Bureaus and Rating Agencies industry manage information for millions of consumers and businesses. The industry is responsible for mitigating risk, regulating activity and standardizing information for clients including investors, credit issuers, investment banks, broker-dealers, governments and consumers. Over the five years to 2019, the industry has fared well as a result of consumer activity and specifically consumer spending. The industry is expected to continue growing over the five years to 2024, albeit at a slower pace than in the current five-year period, as aggregate consumer spending slows down. The financial sector is also projected to stabilize and banks will likely continue to give out loans based on favorable economic conditions. As a result, the number of businesses is forecast to continue rising, further boosting lending activity and promoting demand for credit reports and rating services.
This industry comprises operators that provide information, outlooks and ratings on the creditworthiness of particular companies, individuals, securities or financial institutions. The industry can be divided into two primary groups: credit bureaus and credit rating agencies (CRAs). Credit bureaus offer 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.
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