Jcr Eurasia Rating

What Jcr Eurasia Rating does

JCR Eurasia Rating (legal name: JCR Avrasya Derecelendirme A.Ş.) is a Turkish credit rating agency headquartered in the Ümraniye district of Istanbul, operating under the regulatory oversight of the Banking Regulation and Supervision Agency (BDDK) and the Capital Markets Board (SPK). The agency provides credit ratings, corporate governance ratings, structured finance ratings, issue ratings, and country/sovereign ratings to a client base spanning commercial and investment banks, large Turkish corporates, sovereign entities, project finance vehicles, structured finance issuers, sustainable finance issuers, public enterprises, and local governments. Its published methodology library covers at least 15 service types, including specialized bank/financial institution criteria, project finance, securitization (including small-pool structured finance), and a full sustainability suite (Green Bond, Social Bond, Sustainability Bond, and Sustainability-Linked Bond Second Party Opinions plus CBI Verification). The agency has been a UNPRI signatory since May 16, 2018, integrating ESG factors into its credit analyses, and operates in compliance with the IOSCO Code of Conduct (March 2015) and EU Regulation 1060/2009 on credit rating agencies.

Name

Jcr Eurasia Rating

Legal name

JCR Avrasya Derecelendirme A.Ş.

Website

https://jcrer.com.tr

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

JCR Eurasia Rating is a BDDK- and SPK-authorized Turkish credit rating agency providing corporate, bank, sovereign, structured finance, project finance, and ESG bond ratings to Turkish banks, large corporates, and public entities.

Ownership category

akta.pro rank

Product category

Credit Rating Services

NAICS

Credit Bureaus (56145)

SIC

Finance Services (6199), Asset-Backed Securities (6189)

akta.pro primary industry

Structured Finance Ratings & Surveillance (FSACACAI)

Keywords

• Credit rating services
• Corporate governance ratings
• Structured finance ratings
• Sustainability bond verification
• Sovereign credit ratings

Headquarters

HQ city

Sariyer

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Annual Credit Rating Services: Annual credit rating services with fees determined based on asset size, revenue, cash and non-cash bank risk information, and sector parameters. Rating reports valid for one year with quarterly reviews.
2. Issue Rating (İhraç Notu): Separate fee for bond and bond issuance ratings. Commission fee of 3.5 per ten thousand (0.035%) of total issuance amount, charged per issuance.
3. Corporate Governance Rating: Separate corporate governance rating services.
4. Structured Finance Rating: Rating services for structured finance transactions.
5. Country Rating: Sovereign credit rating services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

JCR Eurasia Rating is a Turkish credit rating agency that issues independent credit risk assessments for corporates, banks and financial institutions, sovereigns, local governments, project finance vehicles and structured finance transactions, plus corporate governance ratings and sustainability-related second-party opinions (Green Bond, Social Bond, Sustainability Bond, Sustainability-Linked Bond, CBI Verification). Ratings are produced under proprietary methodologies, are valid for one year with quarterly reviews, and are delivered under formal contract to clients operating in or issuing debt in the Turkish market.

Product overview

Jcr Eurasia Rating (JCR Avrasya Derecelendirme A.Ş.) is a Turkish credit rating agency providing a comprehensive portfolio of rating services. The core offerings include Credit Rating (Kredi Derecelendirme), Corporate Governance Rating, Structured Finance ratings, Issue Rating, and Country Rating. Supporting methodologies cover Bank and Financial Institutions Credit Rating, Sustainability Methodologies (Green Bond SPO, Social Bond SPO, Sustainability Bond SPO, Sustainability-Linked Bond SPO, CBI Verification), Project Finance Rating, Public Enterprises Rating, Sovereign Rating, and Local Authorities Rating. Reports are valid for one year with quarterly reviews.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Rating (Kredi Derecelendirme) Corporate credit rating service evaluating a firm's ability to meet its financial obligations in foreign currency and local currency, producing international and national scale ratings that are valid for one year with quarterly reviews. Used primarily by Turkish non-financial companies to satisfy BDDK loan requirements and by counterparties for credit risk decisions.
• Corporate Governance Rating (Kurumsal Yönetim Derecelendirme)
• Structured Finance Rating (Yapılandırılmış Finansman)
• Issue Rating (İhraç Ratingi)
• Country / Sovereign Rating (Ülke Ratingi)
• Bank and Financial Institution Credit Rating
• Project Finance Rating (Proje Finansmanı Derecelendirme)
• Public Enterprise Rating (Kamu İşletmeleri Derecelendirme)
• Sustainability Second-Party Opinion and Verification Services

Quantifiable outcome

• Rating reports valid for one year with quarterly reviews ensure continuous monitoring

Named customers15 records

Segments8 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Fitch Ratings: Fitch Ratings is a global credit rating agency active in Turkish sovereign, bank, and corporate ratings. As a broad incumbent, it directly competes with JCR-ER for dual-rated Turkish issuers seeking international investor credibility, while also serving as a benchmark for JCR-ER's national-scale ratings.
• S&P Global Ratings: S&P Global Ratings is one of the world's largest credit rating agencies, providing sovereign, corporate, and structured finance ratings globally including Turkey. It is a broad incumbent that competes with JCR-ER for large Turkish issuers seeking international capital markets access, but operates at vastly greater scale across all asset classes.
• Moody's Ratings: Moody's is a global credit rating agency covering sovereigns, corporates, financial institutions, and structured finance across Turkey and worldwide. It is a broad incumbent competing with JCR-ER for premium-rated Turkish issuers, particularly those accessing USD or euro bond markets.

Regional players

• ICRA Limited: ICRA is India's leading domestic credit rating agency, majority-owned by Moody's, providing bank, corporate, infrastructure, and structured finance ratings. It is a regional player comparable to JCR-ER in scope, regulatory position (SEBI-registered), and emerging-market focus.
• Dagong Global Credit Rating: Dagong is a Chinese credit rating agency providing sovereign, corporate, and structured finance ratings with a domestic regulatory authorization model. It is a regional player with comparable positioning as a domestically-authorized CRA in an emerging market, though currently focused on Asia-Pacific rather than EMEA.
• JCR (Japan Credit Rating Agency): JCR is one of Japan's two major domestic credit rating agencies, providing sovereign, corporate, bank, and structured finance ratings in the Japanese market. It is a regional player peer with the same naming heritage, comparable regulatory authorization model (domestic-focused CRA under local FSA), and similar methodology breadth as JCR Eurasia Rating.
• CARE Ratings: CARE Ratings is an Indian domestic credit rating agency rated by SEBI, providing bank, corporate, and SME ratings. It is a regional player with a similar business model of combining mandatory bank exposure ratings with voluntary corporate ratings, comparable to JCR-ER's BDDK-driven demand structure.
• Rating and Investment Information (R&I): R&I is a Japanese credit rating agency providing corporate, sovereign, and structured finance ratings domestically. As a regional player, it parallels JCR Eurasia Rating's role as a domestic-focused CRA with comprehensive methodology coverage and regulatory authorization within its home jurisdiction.
• HR Ratings: HR Ratings is a Mexico-based credit rating agency providing corporate, financial institution, sovereign, and structured finance ratings across Latin America. It is a regional player with a similar emerging-market regulatory authorization model and dual rating scale (global and national).

Direct peers

• Scope Ratings: Scope Ratings is a European-based mid-size credit rating agency covering corporate, financial institution, sovereign, and structured finance ratings. It is the most direct functional peer to JCR-ER: a regionally-anchored, EU-regulated CRA of comparable scale competing for the same mid-market European and emerging market issuer base.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance6 records

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 Jcr Eurasia Rating