New Credit Rating Agency

The CRA Regulation ensures that credit ratings issued in the EU meet minimum standards of quality, transparency and independence by providing that only companies registered by ESMA as CRAs may lawfully issue credit ratings.

To be registered as a CRA, a company must be able to demonstrate to ESMA that it complies with the requirements of the CRA Regulation, which covers inter alia:

• the governance of CRAs and the management of conflicts of interest;
• the development and application of methodologies for assessing credit risk;
• the disclosure of information to ESMA and to market participants.

Beyond Ratings SAS is based in Paris and intends to issue sovereign and public finance ratings. The registration takes effect from today, 18 March 2019. From this date on 28 CRAs will be registered in the EU.

For more details on the registration see the ESMA's press release.