Public credit ratings - corporations
Due to the constantly increasing regulatory requirements and related rising costs in recent years, disproportionate to the scale of operations of small credit rating agencies, and the simultaneous lack of demand for public credit ratings among corporate bond issuers in Poland, EuroRating submitted a request to ESMA to withdraw the company's registration as a credit rating agency authorized to issue public credit ratings in the EU.
At the company's request, ESMA issued a decision to withdraw the formal registration of EuroRating in the EU. This decision entered into force on June 18, 2024.
Due to the above, EuroRating has withdrawn all unsolicited public credit ratings and changed the status of solicited credit ratings assigned to companies from public to private.
Pursuant to Article 24 point 4 of the EP Regulation No. 1060/2009, public credit ratings previously assigned by EuroRating may continue to be used for regulatory purposes after ESMA issues a decision to withdraw the agency's registration in the EU for the period of:
- ten working days from the date of publication of ESMA's decision, if there are credit ratings of the same financial instrument or entity issued by other credit rating agencies registered in the EU; or
- three months from the date of publication of ESMA's decision, if there are no credit ratings of the same financial instrument or entity issued by other credit rating agencies registered in the EU.
Withdrawn public credit ratings - corporations
Public credit ratings for corporations withdrawn (or which status was changed to private) in the last 3 years
(companies listed alphabetically)
Company name | Credit rating | |
Allegro.eu SA (Luxembourg) | rating withdrawn | |
Asseco Poland S.A. (Poland) | rating withdrawn | |
Audacia Capital (Ireland) plc (Ireland) | private rating | |
CCC S.A. (Poland) | rating withdrawn | |
CD Projekt S.A. (Poland) | rating withdrawn | |
Cyfrowy Polsat S.A. (Poland) | rating withdrawn | |
Dino Polska S.A. (Poland) | rating withdrawn | |
Grupa Kety S.A. (Poland) | rating withdrawn | |
Grupa Lotos S.A. (Poland) | rating withdrawn | |
Jastrzebska Spolka Weglowa S.A. (Poland) | rating withdrawn | |
KGHM Polska Miedz S.A. (Poland) | rating withdrawn | |
Kruk S.A. (Poland) | rating withdrawn | |
LCL Opportunities Luxembourg S.C.S. (Luxembourg) credit rating for the issuer | private rating | |
LCL Opportunities Luxembourg S.C.S. (Luxembourg) credit rating for a secured bonds issue | private rating | |
LPP S.A. (Poland) | rating withdrawn | |
Mercator Medical S.A. (Poland) | rating withdrawn | |
Orange Polska S.A. (Poland) | rating withdrawn | |
Orlen S.A. (Poland) | rating withdrawn | |
Pentavirate Securities Securitisation Fund (Luxembourg) credit rating for a secured fixed rate Sukuk securities issue | private rating | |
Pepco Group N.V. (United Kingdom) | rating withdrawn | |
PGE S.A. (Poland) | rating withdrawn | |
PGNiG S.A. (Poland) | rating withdrawn | |
Propifi Bonds plc (Ireland) credit rating for a secured bonds issue | private rating | |
Raptor Capital International plc (United Kingdom) credit rating for the issuer | rating withdrawn | |
Raptor Capital International plc (United Kingdom) credit rating for a secured bonds issue | rating withdrawn | |
Sustainable Capital PLC (United Kingdom) credit rating for a secured bonds issue | rating withdrawn | |
Tauron Polska Energia S.A. (Poland) | rating withdrawn | |
TVR Finance Ltd (United Kingdom) credit rating for a secured bonds issue | rating withdrawn | |
Zenith Energy Ltd (Canada) | private rating |
Note: rating history is available by clicking the company's rating
The EuroRating credit rating agency provides a history of public credit ratings withdrawn (or which status was changed to private) by the agency over the last 3 years (36 months) – this is the time horizon of credit risk assessment covered by credit ratings assigned by EuroRating.