Elements of Credit Rating: A Hybrid Review and Future Research Agenda

:Creditworthiness is acknowledged worldwide as focal point of debt processing. Credit Rate, an output credit-rating process, reflects such creditworthiness. We reviewed literature on elements credit rating, viz. agencies (CRAs) and model. Rating independent evaluation CRAs perform this to support financial institutions in processing debts. Literature added domain from January 2001 November 2020 analyzed explore the opportunities for further research. Bibliometric analysis used comprehend existing literature. Subsequently, through structured review theories, methodologies by researchers are explored. Further, a hybrid developed integrating bibliometric research papers widely recognized databases. A sample 153 constructed studied identify gaps develop suitable remedy fill gaps. found that most studies emerged after-effects crisis reported 2008 2016. The revealed 48% focused development new mechanism without evaluating structure in-depth. This paper contributes encouraging sector-specific system models improvising them adopting advanced techniques like Multiple Regression, Neural Networking Artificial Intelligence. have provided feasible agenda domain. In study we identified factors determining creditworthiness different sectors.