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Euler Hermes Ratingagentur
Country of Residence:
Languages spoken:
German, English

Established in 2001, Euler Hermes Rating GmbH (“Euler Hermes Rating”) is a Germany based Credit Rating Agency operating under the issuer-pays model focusing on Corporates ratings , project finance ratings, asset portfolio ratings and investor services. 

Registered as CRA in the EU:
Certified as CRA in the EU:
ECAI Status:
European Union

Euler Hermes Rating is registered as CRA with ESMA since November  16th, 2010 and registered as ECA in GermanyI since May 2011. Since January 2014 Euler Hermes Rating is an 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.

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

Market Segments Covered:
Other Corporates, Financial Institutions
Countries Covered:
Germany, European Union
Business Model:

Business model: Euler Hermes Rating operates the issuer-pays model but has also assigned ratings on an unsolicited basis.

Coverage: According to information from Euler Hermes Rating, the agency has issued more than 300 credit ratings in 14 different countries throughout Europe.  

Availability of ratings and reports at website: the list of solicited and unsolicited ratings is available here. Through the selection of the issuer, the rating reports are available (mostly in German).