BRC Ratings

What BRC Ratings does

BRC Ratings is a Colombian securities rating company headquartered in Bogotá, founded in 1998 and operating with a small team in the 11-50 employee range. It is a privately held, for-profit national-scale credit rating agency that serves the Colombian (and at points broader Andean) capital markets by issuing and surveilling credit ratings on issuers and instruments, with its methodology and ongoing rating actions forming the basis of its published product offering at brc.com.co.

The firm's revenue mechanics are not publicly disclosed, but consistent with the national-scale CRA business model, expected income sources include issuer fees for initial bond/issuer ratings, ongoing surveillance fees, subscription and research revenue from institutional investors, and advisory work. The competitive context has shifted materially: in mid-2026 S&P Global launched S&P National Ratings in Colombia, introducing a globally branded national-scale competitor into BRC's domestic franchise and signaling both market validation and a new defensive priority for the incumbent.

Product and technology detail in the input is sparse: no specific core technology, proprietary features, AI/ML capabilities, or integrations are disclosed. BRC's product surface evidenced in the source material centers on monthly rating action publications covering Colombia and Panama, and on calibrated national-scale credit opinions consumed by issuers, fixed-income asset managers, pension funds, and regulators. No funding rounds, M&A activity, ownership structure, or management team information is available in the sources.

Name

BRC Ratings

Website

https://brc.com.co

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

BRC Ratings is a privately held Colombian securities rating agency headquartered in Bogotá, founded in 1998, that issues and surveils national-scale credit ratings for Colombian issuers and serves local capital market participants including corporates, financial institutions, and institutional investors.

Ownership category

akta.pro rank

Product category

Credit Rating Services

NAICS

Credit Bureaus (561450)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Regulatory Change, Governance & Compliance Management (GRC) (FSACAJAK)

Keywords

• Credit ratings
• Securities ratings
• Issuer ratings
• Sovereign ratings
• Financial risk assessment

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others

Core offering

BRC Ratings is a securities rating company headquartered in Bogotá, Colombia. The firm operates as a credit rating agency providing credit opinions and risk assessments on securities issued in the Colombian capital markets. It is a private, for-profit entity that has been operating since 1998.

Differentiator

Problem solved

Functional benefit

Products and services

• Securities Rating Services

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves3 records

Expansion highlights2 records

Emerging players

• DBRS Morningstar: Mid-tier global rating agency (the so-called 'fourth house') with growing Latin American sovereign and corporate coverage. Comparable as a non-Big-Three but globally credentialed rating agency whose mid-scale positioning is closer to BRC Ratings than to the Big Three.
• Kroll Bond Rating Agency (KBRA): Independent mid-tier rating agency offering corporate, financial-institution, structured finance, and ESG ratings. Comparable as a smaller, independent challenger to the Big Three whose growth trajectory and product breadth parallel the regional-agency positioning BRC Ratings occupies.
• CareEdge Global: CARE Ratings' global arm, a mid-scale emerging-market rating agency that has been extending footprint into sovereign and corporate ratings across emerging markets. Comparable as a smaller challenger agency with an emerging-market focus analogous to BRC Ratings'.

Broad incumbents

• Moody's Investors Service: One of the three global NRSRO-style rating agencies, offering sovereign, corporate, structured finance, and ESG ratings across Colombia. Directly comparable as the principal global incumbent now competing for the same Colombian issuers that BRC Ratings services.
• A.M. Best: Global rating agency specialized in insurance and financial institutions, including a presence in Latin America. Comparable as a globally credentialed rating agency whose Colombian financial-institution ratings are direct alternatives to BRC Ratings.
• S&P Global Ratings: The second of the global Big Three rating agencies and the one that has just launched S&P National Ratings in Colombia in 2026. The most directly threatening competitor and a potential acquirer of BRC Ratings.
• Fitch Ratings: Third of the Big Three global ratings agencies with active coverage of Colombian sovereign and corporate issuers. Comparable as a global incumbent whose Colombian operations overlap directly with BRC Ratings' franchise.

Regional players

• Equilibrium Ratings: Peruvian rating agency serving corporate and financial-sector issuers across the Andean region. Comparable as a country-rooted Latin American rating agency with a similar scale profile to BRC Ratings.
• PCR Verdict (Pacific Credit Rating): Mexico-based Latin American rating agency serving corporate, financial institution, and structured finance issuers. Most directly comparable as a Latin American non-Big-Three rating agency whose market position and scale mirror BRC Ratings'.
• HR Ratings (Humphreys): Latin-American regional rating agency headquartered in Mexico with broad Latin America (including Colombia-adjacent) coverage. Comparable as a regionally focused rating agency operating in similar emerging-market environments to BRC Ratings.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat4 records

Key risks4 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/brc-investor-service-s-a-scv

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 BRC Ratings