ESMA identifies deficiencies in CRAs sovereign ratings processes (ESMA -...
(Source: ESMA - European Securities and Markets Authority) Reference2013/1790 Publication Date02/12/2013 Creation Date02/12/2013 TypePress release SectionsCredit Rating Agencies Summary ESMA...
View ArticleEU watchdog sees failings in sovereign debt ratings process
* ESMA finds poor confidentiality controls at agencies * ESMA may take enforcement action By Huw Jones LONDON, Dec 2 (Reuters) - The "Big Three" credit rating agencies that score European Union...
View ArticleUPDATE 1-EU watchdog sees failings in sovereign debt ratings process
* ESMA finds poor confidentiality controls at agencies * ESMA may take enforcement action, such as fines * Three big agencies say committed to improvements By Huw Jones LONDON, Dec 2 (Reuters) - The...
View ArticleESMA publishes Decision of the Board of Supervisors concerning Standard &...
(Source: CMVM - Comissão do Mercado de Valores Mobiliários) DECISION OF THE BOARD OF SUPERVISORS Date: 20 May 2014 ESMA/2014/544 Decision to adopt a supervisory measure taking the form of a public...
View ArticleMoody's upgrades outlook on Irish sovereign debt
The credit ratings agency Moody's has upgraded its outlook on Irish sovereign debt from negative to stable. Moody's continues to apply a junk rating to Irish government bonds, but the change in outlook...
View ArticleRating agencies keep investors guessing on European timings
LONDON Feb 20 (Reuters) - New rules for European sovereign credit ratings are set for some early tweaking after Standard and Poor's, Moody's and Fitch left investors baffled about how they time their...
View ArticleS&P to publish European rating reviews on Friday evenings
LONDON, June 5 (Reuters) - Standard and Poor's will shift its European sovereign rating announcements back to Friday evenings from early in the day after watchdog ESMA laid out new recommendations to...
View ArticleESMA publishes Questions and Answers pertaining to the Implementation on...
(Source: CMVM - Comissão do Mercado de Valores Mobiliários) DECISION OF THE BOARD OF SUPERVISORS Date: 20 May 2014 ESMA/2014/544 Decision to adopt a supervisory measure taking the form of a public...
View ArticleRPT-Early spotlight on Portugal, France in new credit ratings calendar
* New sovereign ratings calendar required by EU rules * Can review only on published dates, with few exceptions * Agencies criticised for role in financial and euro zone crises * Some fear calendar...
View ArticleEU watchdog censures S&P for French rating cut error
Europe’s markets watchdog censured credit ratings agency Standard & Poor’s on Tuesday for incorrectly announcing a cut in France’s debt, which compounded investor fears during the euro zone debt...
View ArticleUPDATE 1-Moody's silence on Portugal rating leaves market guessing
By Marius Zaharia LONDON Jan 13 (Reuters) - New rules designed to cast light on the workings of credit agencies in Europe caused confusion on financial markets on Monday when Moody's Investor Services...
View ArticlePress Release - ESMA publishes annual report and supervisory focus for CRAs...
(Source: ESMA - European Securities and Markets Authority) 16/02/2015 The European Securities and Markets Authority (ESMA) has published today an annual report (Report) on its direct supervisory...
View ArticlePress release - ESMA sets out CRA supervision focus for 2014 (ESMA - European...
(Source: ESMA - European Securities and Markets Authority) Reference2014/212 Publication Date21/02/2014 Creation Date21/02/2014 TypePress release SectionsCredit Rating Agencies Summary ESMA sets out...
View ArticleIreland’s ‘junk’ status criticised amid second bailout warning
Trading in Irish Government debt will be boosted when bond markets open this morning following comments by credit ratings agency Moody’s on Ireland’s fiscal progress and the State’s “diminished...
View ArticlePress Release - Improvements needed in CRAs surveillance of structured...
(Source: ESMA - European Securities and Markets Authority) 16/12/2014 The European Securities and Markets Authority (ESMA) has published a report on the findings of its investigation into the way...
View ArticleBig Three ratings agencies defy new curbs to regain pre-crisis clout-watchdog
LONDON Feb 16 (Reuters) - Revenues and margins at Europe's "Big Three" credit rating agencies (CRAs) are back to pre-financial crisis levels and the trio are in line for more business, despite a welter...
View ArticleUPDATE 1-Big Three ratings agencies defy new curbs to regain pre-crisis...
(Adds DBRS, Moody's reaction) By Huw Jones LONDON Feb 16 (Reuters) - Revenues and margins at Europe's "Big Three" credit rating agencies (CRAs) are back to pre-financial crisis levels and the trio are...
View ArticleCredit Rating Firms Fall Short on ABS, European Regulator Says
Credit ratings of asset-backed securities fall short of quality standards, according to the European regulator for Standard & Poors, Moody’s Investor Services and Fitch Ratings. Debt-rating...
View ArticleUPDATE 3-Moody's gives Mexico to coveted A grade sovereign rating
By Tomas Sarmiento and Christine Murray MEXICO CITY Feb 5 (Reuters) - Mexico became only the second country in Latin America to earn a coveted "A" grade sovereign rating after Moody's upgraded it on...
View ArticleSA banking downgrade piles on pain
Johannesburg - Moody's surprise downgrade of South Africa's four biggest banks sent shares in the lenders lower on Wednesday and piled further pressure on Africa's most developed economy, analysts...
View ArticleGreek sovereign debt rating to be upgraded by Fitch
Greece’s credit rating will be increased one level by Fitch Ratings, which cited an improving economic and fiscal outlook for the country that sparked Europe’s sovereign debt crisis. Greece’s long-term...
View ArticleFitch: Angola Could Meet BESA Guarantee, but Could Erode Buffers
(The following statement was released by the rating agency) LONDON, July 22 (Fitch) The sovereign guarantee provided by the Ministry of Finance to Banco Espirito Santo Angola (BESA) in December 2013,...
View ArticleIrish debt catching up to euro zone mainstream
LONDON Jan 16 (Reuters/IFR) - From bailout and near bankruptcy, Ireland has staged such a remarkable turnaround that its debt is now on a solid path towards France and Belgium - catching up with...
View ArticleAgencies accused of conflicts of interest in sovereign ratings
CREDIT ratings agencies are letting directors and communications staff have a say in sovereign ratings changes when they should not be, the...
View ArticleRebound in euro zone credit ratings: overdue or overshoot?
LONDON (Reuters) - Rating agencies are falling over each other to upgrade the euro zone's crisis countries, but with debt levels in most still rising and growth and reforms slow, the question is...
View ArticleUPDATE 1-Goldman Sachs Brazil chief downplays sovereign risk downgrade
By Guillermo Parra-Bernal and Natalia Gomez SAO PAULO Nov 1 (Reuters) - Brazil faces no imminent risk of losing its sovereign investment-grade debt ratings over the next 18 months, Paulo Leme, chairman...
View ArticleUPDATE 1-Moody's upgrades Irish debt to investment grade
* Moody's upgrades Irish debt to Baa3 from Ba1 * Cites economy's growth potential, restored market access * Return to investment grade to usher in fresh debt demand By Padraic Halpin DUBLIN, Jan 17...
View ArticleBanks' book-keeping leaves investors in the dark: watchdog
LONDON (Reuters) - Big variations in how major European Union banks do their accounts can leave investors guessing over their financial health and could also undermine financial stability, a top...
View ArticleRPT-Fitch: sovereign rating implications of U.S. debt ceiling crisis
LONDON, October 10 (Fitch) Fitch Ratings continues to believe that an agreement will be reached to end the current political impasse and raise the U.S. debt ceiling. Nonetheless, the U.S. Treasury has...
View ArticleKey dates in Greek debt crisis
Athens (AFP) - Here are some key dates in the Greek debt crisis that has rumbled on for nearly six years. -- 2009 -- - October: The Greek government of George Papandreou reveals that the national...
View ArticleKey dates in the Greek debt crisis
Greeks vote in a closely-watched bailout referendum that has divided the nation and could determine its financial future -- as well as that of the government. Here are the key dates in Greece's debt...
View ArticleBershidsky on Europe: Bond Tremors in Ukraine
Here's today's look at some of the top stories on markets and politics in Europe: Ukraine bonds plummet as instability continues Franklin Templeton's $3 billion bet on Ukrainian bonds is looking iffy....
View ArticleMoody’s due to review Ireland’s debt rating status on Friday
International credit ratings agency Moody’s is scheduled to review Ireland’s debt this Friday. In January, Moody’s lifted Ireland’s government debt rating from junk to Baa 3, the lowest...
View ArticleFitch Updates Sovereign Rating Criteria & Model; No Rating Impact
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Sovereign Rating Criteria here LONDON, August 12 (Fitch) Fitch Ratings has updated its Sovereign Rating...
View ArticleFitch: Sovereign Rating Implications of U.S. Debt Ceiling Crisis
LONDON--(BUSINESS WIRE)--Fitch Ratings continues to believe that an agreement will be reached to end the current political impasse and raise the U.S. debt ceiling. Nonetheless, the U.S. Treasury has...
View ArticleTaiwan’s ‘A+’ sovereign credit rating maintained
Fitch Ratings Ltd yesterday affirmed Taiwan’s sovereign credit rating of “A+” for the third year in a row. The “A+” rating is the company’s fifth-highest grade. The London-based international ratings...
View ArticleS&P raises Spain's sovereign debt rating
MADRID, May 23 (Xinhua) -- The ratings agency Standard & Poor's (S&P) raised on Friday Spain's sovereign debt rating from BBB- to BBB with a stable outlook. According to S&P, the...
View ArticleRegulators unlikely to change rating agency incentives: Occupy Wall Street
NEW YORK (Reuters) - Regulators are unlikely to take action to address the way rating agencies are rewarded for their work, despite concerns that the current practice involves conflicts of interest...
View ArticleEarly spotlight on Portugal, France in new credit ratings calendar
LONDON (Reuters) - Europe's new calendar for sovereign credit ratings, an EU measure to shine a light on the actions of ratings agencies, will in its busy first few weeks thrust the market spotlight on...
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