EuropeanIssuers' comments on CRAs

28 February 2012

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


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