There's not much adventurism in APRA's decision to recognise four ratings agencies as those that banks can use as reference for working out credit risk under the Basel II capital regime next year.APRA said yesterday it would give automatic recognition to agencies regulated by the US Securities and Exchange Commission as a "nationally recognised statistical rating organization".That means four agencies get the nod: Dominion Bond Rating Service, Fitch Ratings, Moody's Investors Service and Standard & Poor's.The Basel Committee on Banking Supervision apparently recognizes two more agencies though brief research on this point yesterday didn't clear up who they were.APRA said it would also recognise ratings agencies in particular countries in relation to loans made within that country.