EthiFinance is the result of the merger of Spanish agency Axesor and the French agency Spreadresearch. Axesor used to focus on the Spanish mid-cap market while Spreadresearch focused on High yield credits. EthiFinance has now a broader geographic but also market segment coverage.
Country of residence: Spain and France
Registration status
EhtiFinance is registered as CRA in the European Union with ESMA since October 2012 (through the Spanish agency Axesor, which Ethifinance took over).
EthiFinance is an eligible ECAI across the whole European Union.
EthiFinance is considered a small Credit rating agency for the purpose of Article 8d of CRAIII.
Rating activity
Based on ESMAs CEREP database, we find the following rating activity for EthiFinance for 2022:
Rating scale and mapping
EthiFinance uses the following Long-term Credit Rating Scale:
The mapping to regulatory steps in the banking sector in the EU is based on the latest available mapping from the European Banking Authority available here. The mapping to regulatory steps in the insurance sector in the EU is based on the latest available mapping from the European Insurance and Occupational Pensions Authority available here.
