Consultation on possible amendments to the Credit Rating Agencies Regulatory Framework

Credit Rating Agencies

Responding to this paper 

ESMA invites comments on all matters in this paper and in particular on the specific questions summarised in Annex 1. 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 21 June 2024. 

All contributions should be submitted online below.

Publication of responses

All contributions received will be published following the close of the consultation. A standard confidentiality statement in an email message will not be treated as a request for non-disclosure. 

Data protection

Information on data protection can be found under the heading Legal Notice and Data Protection.

Who should read this paper?

Credit Rating Agencies (CRAs) registered to issue credit ratings and rating outlooks in the EU, firms considering registration as Credit Rating Agencies. This Consultation Paper should also be of interest to public institutions, users of credit ratings, issuers, investors, and other stakeholders such as industry bodies or trade associations.