Document details

  • Reference2014/150
  • Publication Date11/02/2014
  • Creation Date11/02/2014
  • TypeConsultation paper
  • SectionsCredit Rating Agencies
  • ResponsesView responses


The consultation paper seeks stakeholders’ views on the draft RTS ESMA is required to adopt under the CRA3 Regulation. The input from stakeholders will help ESMA in drafting the final report. Respondents to this consultation are encouraged to provide the relevant data to support their arguments or proposals.

Responding to this paper

ESMA invites comments on all matters in this paper. Comments are most helpful if they:

  • contain a clear rationale;
  • include quantitative elements to support any concern; and
  • describe any alternatives ESMA should consider, including alternative drafts.

ESMA will consider all comments received by 11 April 2014.

All contributions should be submitted online on the Consultation Page.



ESMA is seeking input from users, producers of credit ratings, those involved in the issuance of structured finance instruments (issuers, originators and sponsors), anyone interested in the up-to-date individual rating data or in competition in the credit market.

The hearing will be held on Friday, 14 March 2014, from 10.00 to 13.00 CET and is open to all. Please register on the Hearing page.