ESMA has published today the market share of the credit rating agencies (CRA) registered within the EU as of 12 December 2013. The respective CRAs’ total market share is calculated according to the annual turnover generated from credit rating activities and ancillary services, at group level. The annual turnover is for the full calendar year 2012.
The CRA Regulation requires ESMA to publish the EU’s credit rating agencies market share once a year. Issuers who plan to appoint at least two CRAs for the credit rating of the same issuance or entity, are required to consider appointing at least one CRA with no more than 10% of the total market share. This is to increase competition in the credit rating market.
