12 Fast Facts About Annuity Issuers’ Graders
1. The U.S. Securities and Exchange Commission decides who gets to assign the ratings.
The SEC has designated 10 organizations as “nationally recognized statistical rating organizations,” or NRSROs.
The biggest four, and the ones the SOA institute team focuses on, are AM Best, Fitch Ratings, Moody’s Investors Service and S&P Global Ratings.
The others are DBRS, Demotech, Egan-Jones Ratings, HR Ratings de Mexico, Japan Credit Rating Agency and Kroll Bond Rating Agency.
Credit: Diego M. Radzinschi/ALM