Consultation on possible amendments to the Credit Rating Agencies Regulatory Framework

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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.

Activity Institution Download
Credit Rating Agencies EthiFinance Ratings
  • 205492
Insurance and Pension PensionsEurope
  • 205622
Eumedion
  • 205632
Credit Rating Agencies S&P Global Ratings Europe Ltd
  • 205637
Credit Rating Agencies Moody's Ratings
  • 205641
Investor Relations European Federation of Financial Advisers and Financial Intermediaries (FECIF)
  • 205642
Credit Rating Agencies European Association of Credit Rating Agencies (EACRA)
  • 205646
Investment Services German Investment Funds Association BVI
  • 205649
Individuals
  • 205653
Banking Association of German Public Banks
  • 205657
Credit Rating Agencies Scope Ratings
  • 205658
Others WWF European Policy Office
  • 205660
Credit Rating Agencies Fitch Ratings Ireland Limited
  • 205668
  • 205669
  • 205670
Others Principles for Responsible Investment (PRI)
  • 205672
Credit Rating Agencies KBRA
  • 205674
Others SOMO
  • 205676