NRSRO
Business & Finance abbreviation · Bond & Fixed-Income
| Stands for | Nationally recognized statistical rating organization |
|---|---|
| Categories | Business & Finance |
NRSRO stands for Nationally recognized statistical rating organization, a bond & Fixed-Income abbreviation.
Credit rating agency registered with the US Securities and Exchange Commission, whose ratings may be used for certain regulatory purposes. There are about ten NRSROs, dominated by S&P Global Ratings, Moody's and Fitch.
Example: The insurer's investment guidelines require ratings from at least two NRSROs for any bond it buys.
Usage notes
The SEC created the designation in 1975, and the Credit Rating Agency Reform Act of 2006 set up a formal registration process. The Dodd-Frank Act directed regulators to reduce reliance on ratings after the 2008 crisis. Smaller NRSROs include Kroll Bond Rating Agency, DBRS Morningstar and A.M. Best.
Related abbreviations
More bond & Fixed-Income abbreviations
- IG – Investment grade
- IRS – Interest rate swap
- JGB – Japanese government bond
- LIBOR – London Interbank Offered Rate
- MBS – Mortgage-backed security
- MTN – Medium-term note
- OAS – Option-adjusted spread
- OAT – Obligation assimilable du Trésor (French Treasury bond)
- OIS – Overnight index swap
- SOFR – Secured Overnight Financing Rate
- SONIA – Sterling Overnight Index Average
- STRIPS – Separate Trading of Registered Interest and Principal of Securities