EACRA has been established as a platform of cooperation between European Rating Agencies. The Members of the Association have very different business models while assigning ratings. All are deeply rooted in their respective markets; enjoy a high market share and a good reputation with local investors. The main purpose of EACRA is to promote the cooperation between European rating agencies, to assist agencies in the context of the upcoming registration process under the EU Regulation 1060/2009 on Credit rating agencies and to provide information on ratings to the general public.