Nordic rating agency being established
The use of credit rating have become increasingly more essential for the securities markets in recent years, also with respect to regulations of the financial sector. Rating is usually an independent evaluation of the credit risk of an issuer of bonds, where the credit risk is valued on a predefined scale. The rating is set by a rating agency, of which the best known are the three major international rating agencies (S & P, Moodys and Fitch). However, in recent years several local rating agencies have been established in Europe. In the Nordic