Capital Intelligence Ratings

What Capital Intelligence Ratings does

Capital Intelligence Ratings is a private credit rating agency founded in 1982 and headquartered in Limassol, Cyprus. The firm specializes in credit analysis and credit rating services directed at banks, corporates, and financial institutions, with a documented vertical focus on the financial institutions segment evidenced by its rating relationship with Qatar Islamic Bank (affirmed AA- with stable outlook).

The agency's core product is independent credit rating assessments, underpinned by proprietary credit rating assessment methodologies used to evaluate the creditworthiness of financial institution counterparties. Its technology stack is described as traditional analytical assessment frameworks rather than technology-driven or AI-enabled platforms, with no disclosed integrations, APIs, or proprietary AI components.

Capital Intelligence operates an enterprise field sales go-to-market motion, engaging rated entities through direct consultative processes that include rating committee reviews. Revenue is generated primarily through rating fees charged to entities seeking ratings and subscription fees for access to rating research and reports, structured as a recurring model. Distribution occurs through direct corporate engagement at a global scope, supplemented by publication of rating announcements and analytical reports distributed to market participants and media outlets. The firm maintains a small headcount of 11-50 employees consistent with a boutique specialist rating agency.

Name

Capital Intelligence Ratings

Website

https://ciratings.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Capital Intelligence Ratings is a Cyprus-based credit rating agency founded in 1982 that provides independent credit assessments and ratings to banks, corporates, and financial institutions globally through a subscription-based enterprise model.

Ownership category

akta.pro rank

Product category

Credit Rating Services

NAICS

Credit Bureaus (561450), Credit Bureaus (56145)

SIC

Investment Advice (6282), Asset-Backed Securities (6189)

akta.pro primary industry

Credit Research (FSACAGAB)

akta.pro secondary industries

Structured Finance Ratings & Surveillance (FSACACAI), Investment-Grade Corporate Credit (FSAAAHAB)

Keywords

• Credit rating services
• Credit risk assessment
• Bank credit ratings
• Sovereign credit ratings
• Corporate credit analysis

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Credit Rating Services: Capital Intelligence generates revenue by providing credit rating assessments to financial institutions and corporations. Rating fees are charged to entities seeking credit ratings, and subscription fees may be charged for access to rating research and reports.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Capital Intelligence Ratings provides independent credit rating assessments for banks, corporates, and financial institutions, issuing credit ratings with outlooks based on internal analytical methodologies. The firm also publishes rating research, credit opinions, and analytical reports for use by investors and market participants, and operates a consultative enterprise engagement process with rated entities via rating committees.

Differentiator

Problem solved

Functional benefit

Products and services

• Bank and Financial Institution Credit Ratings Independent credit rating assessments with outlooks issued for banks and other financial institutions, delivered through a consultative rating-committee process and communicated to issuers, investors, and market participants.
• Corporate Credit Ratings Credit rating assessments issued for corporate issuers, supporting their investor communication and capital markets access needs.
• Rating Research and Credit Opinion Publications Published rating announcements, credit opinions, and analytical reports distributed to market participants and media, providing independent credit research and ongoing surveillance commentary.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves1 record

Expansion highlights2 records

Broad incumbents

• A.M. Best: A long-established credit rating agency specializing in the insurance industry, also rating financial institutions and issuers globally. Comparable as a recognized CRA with deep analytical expertise in a vertical, but with a focused insurance-centric franchise rather than generalist coverage.

Direct peers

• DBRS Morningstar: A mid-sized global credit rating agency covering corporates, financial institutions, and structured finance. Highly comparable to Capital Intelligence Ratings as a non-Big-3 agency competing on niche coverage and second-opinion ratings, particularly in North America and Europe.
• Egan-Jones Ratings: A smaller, independent credit rating agency recognized by the SEC that rates corporates, financial institutions, and structured products. Closely mirrors Capital Intelligence Ratings in size, scope, and positioning as a recognized but non-dominant alternative to the Big 3.
• S&P Global Ratings: A leading global credit rating agency providing ratings across corporates, financial institutions, sovereigns, and structured finance. Comparable to Capital Intelligence Ratings in core rating methodology and issuer coverage, but with significantly broader geographic reach and regulatory designations.
• Fitch Ratings: Global credit rating agency issuing ratings on banks, corporates, sovereigns, and structured products. Directly competes with Capital Intelligence Ratings in financial institution ratings and is a primary substitute for issuers seeking independent credit opinions.
• KBRA (Kroll Bond Rating Agency): Nationally recognized US-based credit rating agency focused on commercial real estate, structured finance, and middle-market issuers. Comparable as a non-Big-3 CRA pursuing niche coverage strategies in structured and specialty finance segments.
• Moody's: One of the globally dominant credit rating agencies issuing corporate, financial institution, sovereign, and structured finance ratings. Directly comparable to Capital Intelligence Ratings in core credit assessment services, though operating at vastly greater scale and recognition across major capital markets.

Regional players

• MARC (Malaysian Rating Corporation): Malaysia's leading domestic credit rating agency providing ratings across corporates, financial institutions, and structured finance. Comparable as a regionally focused CRA serving a domestic market in which Capital Intelligence Ratings has limited direct competition but a similar service offering profile.
• HR Ratings: A Latin American-focused credit rating agency authorized by CNBV and SEC to rate issuers primarily in Mexico and other emerging markets. Comparable as a regionally anchored CRA pursuing second-opinion positioning against global incumbents in emerging-market debt.
• JCR (Japan Credit Rating Agency): A Japanese credit rating agency providing ratings on Japanese corporates, financial institutions, and structured products. Comparable as a regionally rooted, SEC- and ESMA-recognized CRA offering independent ratings in a market dominated by larger global agencies.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ciratings

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capital Intelligence Ratings