### Question
What is the definition of nationally recognized statistical rating organization?


### Answer
The definition of **nationally recognized statistical rating organization** is as follows in *15 U.S.C. § 78c*:

> a credit rating agency that—


(A) has been in business as a credit rating agency for at least the 3 consecutive years immediately preceding the date of its application for registration under section 78*o*–7 of this title

#### Citation:
  - *15 U.S.C. § 78c*
  - Heading: **CHAPTER 2B-SECURITIES EXCHANGES**

