Based in Spain, rates on an unsolicited basis all mid-cap (non-financial) companies in Spain. Additionally, Axesor assigns ratings on a solicited basis and has an ample credit scoring activity in Spain.

Axesor is registered as CRA with ESMA since October 1st, 2012.

Since 1. January 2014, Axesor is also a recognized ECAI across the whole European Union.

On November 1st, 2016, the following mapping of ECAI ratings to the 6 Credit Quality Steps under the Standardized approach for Banks (Capital Requirements Regulation, CRR) and the 7 Steps under Solvency II for insurances in the EU entered into force:

Note that additional rating scales may have been mapped. To view all mappings, login with your account and read the “RP Research” on this agency. To see how this agency’s mapping compares with other agencies, please read our dedicated page on the EU ECAIs. 

Axesor is considered a small Credit rating agency for the purpose of Article 8d of CRAIII. 

Business Model: Axesor operates currently under a hybrid model. While Asexor entered the market by assigning unsolicited ratings on Spanish mid-cap companies, Axseor now also assigns solicited ratings (on Corporates, project finance and bonds).

Coverage: Axesor covers mid-cap non-financial companies in Spain. Axesor published rating methodologies fro the Structured Finance Market and for Project Finance

Availability of ratings and reports at website: Axesor operates mainly under the investor-pays model. The list of rated entities is available here: http://rating.axesor.es/en/list-of-companies-rated. Solicited ratings are marked and the ratings are disclosed.