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EuroRating - registration as a credit rating agency in the European Union

Until June 18, 2024 EuroRating Sp. z o.o. was registered as a credit rating agency authorized to assign public credit ratings 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 was under the supervision of the European Securities and Markets Authority (ESMA)

At the company's request, ESMA issued a decision to withdraw its registration of EuroRating the EU. This decision entered into force on June 18, 2024.

Pursuant to Art. 24 section 4 of the Regulation No. 1060/2009, public credit ratings previously assigned by EuroRating may continue to be used for regulatory purposes after ESMA’s decision to withdraw the agency's registration in the EU for the period of:

  • ten business days from the date of the 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 the 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.

After the company's resignation from the formal registration in the EU, EuroRating continues to operate as a credit rating agency, but it focuses on issuing private credit ratings (one-off and monitored), which are not subject to the regime of the Regulation No. 1060/2009 and do not require registration in the EU.