Founded in 2001 Credit-Rating is the first rating agency in Ukraine committed to assessment of issuer's solvency and to assignment of credit ratings pursuant to the National rating scale. Since 2003 the agency's rating estimations have been officially recognized by Ministry of Finance of Ukraine. Since 2004 Credit-Rating has been an authorized agency of State Commission for Securities and Stock Market for assigning ratings to economic entities, to industries and municipalities. Starting from 2007 the agency assigns corporate governance ratings. In 2009 the agency entered the Belarusian market. In 2010 the agency became a member-founder of European Association of Credit Rating Agencies (EACRA).