Cerved Rating Agency
Profile Cerved Rating Agency is a European Credit Rating Agency, leader in Italy (in the sector of rating activities) for non-financial corporate credit ratings provided to both corporate companies and financial institutions. The credit rating activities involve the issuance of solicited and unsolicited public and private ratings on non-financial companies. They are produced both for […]
AM Best
Profile A.M. Best Company was founded in 1899 with a mission to perform a constructive and objective role in the insurance industry. A.M Best is a privately owned company based in Oldwick, New Jersey. A.M. Best’s credit rating operations in the European, Middle Eastern and African region are conducted through A.M. Best Europe – Rating […]
Assekurata Assekuranz Rating Agentur
Profile ASSEKURATA Assekuranz Rating-Agentur GmbH is the first German rating agency that has specialised in the quality assessment of insurance companies from a customer’s perspective. To date Assekurata provides solicited corporate ratings for insurance companies in the following classes of insurance: life insurance, private health insurance, casualty insurance/accident and legal expense insurance and statutory health […]
Regulatory use United Kingdom
The United Kingdom left the European Union on January 31st, 2020 and the transition period ended on December 31st, 2020. The United Kingdom has transposed the EU Regulation on Credit Rating Agencies into national law via the European Union (Withdrawal) Act 2018, the Financial Conduct Authority (FCA) being the regulator of UK-registered and certified credit rating agencies […]
Regulatory use Switzerland
Date Of Last Update: September 2023 The regulatory use of ratings in Switzerland is mainly defined by Swiss Financial Market Supervisory Authority FINMA. Unlike in the EU, there is no formal registration process for rating agencies in Switzerland. Rating agencies are given the possibility to apply for recognition as an External Credit Assessment Institute (ECAI) […]
European Union: Indicative EU Market Shares for 2021
Article 8d of the EU Regulation on Credit Rating Agencies, requires issuers and related third parties intending to appoint at least 2 CRAs to consider appointing one “small” CRA (defined as having less than 10% market share measured against revenues). ESMA shall publish annually a corresponding market shares calculation. Based on the Transparency reports of […]
2022 Global Sovereign Ratings Review Calendar
According to the EU Regulation on Credit Rating Agencies, Rating Agencies shall disclose a calendar of planned sovereign rating releases by the end of December for the following year. Our cross-agency calendar of scheduled sovereign rating reviews covers next to ESMA registered Credit Rating Agencies also agencies registered with the United Kingdoms Financial Conduct Authority […]
ESMA Market shares calculation for 2020
On December 22nd, 2021, ESMA published the report for the year 2020:
European Union: External Credit Assessment Institutions (“ECAI”)
On June 28th, 2013, the so called “CRD IV Package” relating to the Capital Requirements of financial institutions was adopted and entered into force on January 1st, 2014. This package includes key changes relating to External Credit Assessment Insititutions (“ECAIs”) status: Article 4 (98) of the EU Regulation 575/2013 (CRR) defines ECAI as a credit […]
2019 European Union Sovereign Rating Calendar
Credit Rating Agencies registered with the European Securities and Markets Authority need to publish by the end of December a calendar covering planned rating actions for the next year. We have compiled the information on all 28 European Union Member States into a single calendar covering all 14 agencies active in this market. Compared to […]