Subject. Credit rating agencies continue to play an important role for financial market participants. Credit ratings are a useful tool for assessing investment risks, overcoming uncertainty, and facilitating companies’ access to credit markets. Meanwhile, national expertise is less and less in demand by the international rating industry, and therefore there is a need to integrate the national rating agencies of individual countries.Purpose. Consideration of the prospects for Russia’s participation in the creation of an international rating agency based on an analysis of current trends in the assignment of credit ratings.Methodology. The methods of dialectics, systemic and comparative analysis, as well as the historical-logical method and the method of systematization were used.Results. The state of the world market of rating services is analyzed from the point of view of the dominance of the American Big Three, including in the context of the functioning of an alternative system for evaluating securities issuers in the European Union. The features of assigning credit ratings in Russia in the conditions of the current geopolitical situation are summarized.Conclusions and prospects. The necessity of merging Russian rating agencies with agencies of other countries is substantiated in order to increase national and foreign demand for their services and increase Russia’s share in the international credit market.