EuroRating - registration as a credit rating agency in the European Union
EuroRating Sp. z o.o. (Poland) is formally registered as a credit rating agency in the European Union (in accordance with the Regulation of the European Parliament and of the Council No. 1060/2009 on credit rating agencies) and is directly supervised by the European Securities and Markets Authority (ESMA).
Therefore, EuroRating holds the ECAI status (External Credit Assessment Institution) pursuant to the Regulation of the European Parliament and of the Council No. 575/2013 of 26 June 2013 (CRR Directive) on prudential requirements for credit institutions and investment firms (see more on the website of the European Banking Authority – EBA). Credit ratings assigned by EuroRating (including unsolicited ratings) are valid throughout the European Union and can be used for regulatory purposes under EU legislation by all financial institutions or any other entities and are entirely equal to credit ratings issued by other credit rating agencies recognized by ESMA, without territorial or any other limitations.