2017 Review of the European Rating Market
This report provides an overview over the EU rating market with its 29 players. Based on the transparency reports of all agencies, we inform over the size of the market in terms of revenues and employees. One section is devoted to the use of rating agencies by issuers as well as the ECAI status (including […]
2017 Sub-Sovereign Rating Calendar
Based on the announced rating release calendars of 7 Credit Rating Agencies, we have compiled a single reference calendar for Sub-Sovereign (Regional and Municipal) ratings. A free copy of this calendar is available upon request – you shall be added to our mailing list.
User Handbook: Mapping of ECAI ratings in the EU
On October 12th, 2016, three Implementing regulations on the mapping of credit ratings were published in the Official Journal of the European Union. These Implementing regulations cover a total of 26 External Credit Assessment Institutions (“ECAIs”) and provide the mapping of rating scales used by Credit Rating Agencies with the credit quality steps defined under […]
Use of several Rating Agencies to determine Risk Weighted Assets
In this research report, we take the perspective of an investor having a portfolio of sovereign assets based on each countries share in the IMF capital (measured at the Special Drawing Rights level – SDR). Using the IMF SDRs provides a constant basis of comparison and excludes exchange rate changes as well as changes in […]
Guide to the global rating market
We are pleased to announce the publication of our latest research report covering the global rating market. In order to prepare this report, we have screened around 60 jurisdictions for information regarding Credit Rating Agencies (or similar concepts such as NRSROs, DROs, clasificadoras de riesgo, calificadoras de valores) to identify the registered players and the […]
Research on Sovereign Assessments
We are pleased to announce the publication of our research report “Sovereign Assessments: Comparison between the Sovereign Ratings of 12 CRAs and the OECD Country Risk Classification – ECAI rules and Risk Weights analysis”. This research reports contains the following key sections: – historic performance of EU registered CRAs having data published at the CEREP […]
Research on the European Rating Market
Research on the European Rating Market Date: September 17th, 2013 We are pleased to announce the publication of the “Guide to the European Rating Market: overview over the market, its players and the legal framework” as well “The European Rating Market Report 2013: Profiles, Rating Activity and Performance of Credit Rating Agencies”. These two reports […]
Export Credit Agencies (“ECA”)
Legal Background Whereas credit assessments from Export Credit Agencies (“ECA”) are not covered by the CRA regulation, the directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions in its Annex VI Part 1 point 1.3 provides for […]