Rating agencies, also known as credit rating agencies, are institutions that specialize in evaluating the creditworthiness of borrowers. These agencies assign credit ratings, which help investors identify the level of risk associated with a particular investment. There are several synonyms for rating agency, including credit agency, credit bureau, credit assessment firm, and credit evaluation company. These institutions play a crucial role in financial markets, providing investors with important information to make informed decisions. With the increasing importance of ratings in the financial world, the demand for unbiased and trustworthy rating agencies continues to grow.