EuropeanIssuers strongly support a clear distinction between "solicited ratings" and "unsolicited ratings".
Companies oppose the following proposals as they are currently proposed by the European Commission:
1) mandatory rotation of agencies;
2) approval of new rating methodologies;
3) requirement on agencies publicly to disclose information submitted to them;
4) the proposed system of civil liability of rating agencies;
5) the treatment of securitised corporate loans or trade receivables.
EuropeanIssuers also oppose the possibility of a change in the compensation model of rating agencies for conventional instruments.
Press release
Position paper
© EuropeanIssuers
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