Consultation on the Guidelines on the validation and review of Credit Rating Agencies’ methodologies

Consultation on the Guidelines on the validation and review of Credit Rating Agencies’ methodologies

from 13 July 2016 to 22 August 2016

Details

ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex I. Comments are most helpful if they:  

  • respond to the question stated;
  • indicate the specific question to which the comment relates;
  • contain a clear rationale; and 
  • describe any alternatives ESMA should consider.  

ESMA will consider all comments received by 22 August 2016.  

All contributions should be submitted online at www.esma.europa.eu under the heading ‘Your input - Consultations’.  

Publication of responses  

All contributions received will be published following the close of the consultation, unless you request otherwise. Please clearly and prominently indicate in your submission any part you do not wish to be publically disclosed. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. A confidential response may be requested from us in accordance with ESMA’s rules on access to documents. We may consult you if we receive such a request. Any decision we make not to disclose the response is reviewable by ESMA’s Board of Appeal and the European Ombudsman.  

The collection of confidential responses is without prejudice to the scope of Regulation (EC) No 1049/20011. Possible requests for access to documents will be dealt in compliance with the requirements and obligations laid down in Regulation (EC) No 1049/2001.  

Data protection  

Information on data protection can be found at https://www.esma.europa.eu/data-protection under the heading Data Protection. 

Who should read this paper  

This paper may be of interest to users of credit ratings, credit rating agencies and entities interested in applying to be a registered credit rating agency.

3 RELATED DOCUMENTS
Documents available for this Consultation
DateReferenceTitleDocument
13/07/20162016/1121Consultation Paper on the Guidelines on the validation and review of Credit Rating Agencies’ methodologies
13/07/20162016/1122Feedback Statement on the Discussion Paper on the validation and review of CRAs’ methodologies
13/07/20162016/1121 REPLY FORMReply form for the Consultation Paper on the Guidelines on the validation and review of CRAs’ methodologies

Responses

Operations
Activity Institution Download
Credit Rating Agencies Kroll Bond Rating Agency
Credit Rating Agencies Rating-Agentur Expert RA GmbH
Credit Rating Agencies Moody's Investors Service
Credit Rating Agencies Fitch Ratings
Credit Rating Agencies S&P Global Ratings
Credit Rating Agencies EACRA
Investment Services Global Warning
Issuers European Stability Mechanism