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Source Issuer Rating
AA_DE VGH Landschaftl.. A+
AA_DE IDEAL Lebensver.. A+
AA_DE VGH Provinzial .. A+
AA_DE IDEAL Versicher.. A
JCRER - 2018-03-15
JCR Eurasia Rating has affirmed the credit ratings of Ak Faktoring A.Ş. and “Cash Flows arising from Bond Issuances” as ‘BBB+ (Trk)’ on the Long Term National Scale and A-2 (Trk) on the Short Term Nat

JCRER - 2017-09-29
JCR Eurasia Rating has reaffirmed the credit ratings of the consolidated structure of “Boyner Perakende ve Tekstil Yatırımları Anonim Şirketi and its Subsidiary “and “Cash Flows Relating to the Outsta

JCRER - 2017-09-29
JCR Eurasia Rating has reviewed and affirmed the credit ratings of T.C. Ziraat Bankası A.Ş. and its Consolidated Structure as ‘AAA (Trk)’ on the Long Term National scale and ‘BBB-‘ on the Long Term In

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Country of Residence:
Languages spoken:
English, Spanish

Based in Spain, rates on an unsolicited basis all mid-cap (non-financial) companies in Spain. Additionally, Axesor assigns ratings on a solicited basis and has an ample credit scoring activity in Spain.

Registered as CRA in the EU:
Certified as CRA in the EU:
ECAI Status:
European Union

Axesor is registered as CRA with ESMA since October 1st, 2012.

Since 1. January 2014, Axesor is also a recognized ECAI across the whole European Union.

On November 1st, 2016, the following mapping of ECAI ratings to the 6 Credit Quality Steps under the Standardized approach for Banks (Capital Requirements Regulation, CRR) and the 7 Steps under Solvency II for insurances in the EU entered into force:

Note that additional rating scales may have been mapped. To view all mappings, login with your account and read the “RP Research” on this agency. To see how this agency’s mapping compares with other agencies, please read our dedicated page on the EU ECAIs

Axesor is considered a small Credit rating agency for the purpose of Article 8d of CRAIII. 

Market Segments Covered:
Other Corporates, Structured Finance
Countries Covered:
Business Model:
hybrid model

Business Model: Axesor operates currently under a hybrid model. While Asexor entered the market by assigning unsolicited ratings on Spanish mid-cap companies, Axseor now also assigns solicited ratings (on Corporates, project finance and bonds).

Coverage: Axesor covers mid-cap non-financial companies in Spain. Axesor published rating methodologies fro the Structured Finance Market and for Project Finance

Availability of ratings and reports at website: Axesor operates mainly under the investor-pays model. The list of rated entities is available here: Solicited ratings are marked and the ratings are disclosed.