The Credit Agencies industry has grown solidly over the past five years, despite challenges presented by the global financial crisis. Growth recovered in 2009-10, as stimulus packages and increased confidence assisted revenue. Strong mining investment, coupled with a growing housing market, has led to solid returns for the industry over the remainder of the period. Furthermore, Australia's overall debt has continued to grow and is expected to reach just under $3.0 trillion in 2014-15. This is largely due to the $2.1 trillion in private banking debt split between businesses, investment funds and households.
The industry provides independent opinions of the creditworthiness of particular companies, individuals, securities or financial obligations. A credit bureau (or consumer credit reporting agency) provides opinions on the creditworthiness of an individual. A credit rating agency assigns a credit rating for a particular issue of debt, but also evaluates the overall creditworthiness of the issuing entity.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.