April 27, 2024
Economy
Credit rating firms’ revenue down in 2016
[THE INVESTOR] The combined revenue of Korea’s four credit rating agencies fell 0.2 percent on year in 2016, data showed on April 25.
Total sales for four credit rating firms -- NICE Investors Service, Korea Investors Service, Korea Ratings and Seoul Credit Rating & Information -- stood at 82.76 billion won (US$73.20 million) last year, compared to 82.95 billion won a year earlier, according to the data by the Financial Supervisory Service.
The market share of NICE Investors Service fell 0.6 percentage point to 34.8 percent last year. Korea Investors Service saw its market share decline 0.3 percentage point to 32.4 percent last year, while the market share of Korea Ratings rose 0.8 percentage point to 32.4 percent, according to the data.
Seoul Credit Rating & Information has a marginal presence in the market.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Total sales for four credit rating firms -- NICE Investors Service, Korea Investors Service, Korea Ratings and Seoul Credit Rating & Information -- stood at 82.76 billion won (US$73.20 million) last year, compared to 82.95 billion won a year earlier, according to the data by the Financial Supervisory Service.
The market share of NICE Investors Service fell 0.6 percentage point to 34.8 percent last year. Korea Investors Service saw its market share decline 0.3 percentage point to 32.4 percent last year, while the market share of Korea Ratings rose 0.8 percentage point to 32.4 percent, according to the data.
Seoul Credit Rating & Information has a marginal presence in the market.
By Alex Lee and newswires (alexlee@heraldcorp.com)
