RATINGPLATFORM


RATINGTICKER
Source Issuer Rating
Scope Belgium AA-
Scope Ireland AA-
Scope Romania BBB-
Scope Malta A+
AA_DE ALTE LEIPZIGER .. A+
NEWS
RP - 2021-05-18
2020 EU rating market shares

RP - 2021-03-14
Planned Sovereign Rating Updates

RP - 2021-02-17
Upcoming Sovereign Rating Reviews

News

2020 EU rating market shares

2021-05-18
According to the EU Regulation on Credit Rating Agencies, ESMA registered agencies need to publish an Annual Transparency report, which includes high level information on revenues and staff employed.
While the United Kingdom withdraw from the European Union in January 2020, the transition period until end 2020 (where EU Regulations continued to be applicable in the UK) resulted in some agencies publishing their results for both the UK and EU together.
S&P reports total revenues of EUR 649 mln (up 12% compared to 2019), Moodys generated EUR 507 mln (up 1%) and FitchRatings achieved EUR 288 mln (up 3%). These dominant 3 agencies take around 91,7% of the market (including assumptions for undisclosed revenues).
In terms of market segments, the wider corporate market segment (covering insurances, financial and non-financial companies) accounts for more than EUR 1,1 Bill in Revenues, the Structured Finance segments reaches approx. EUR 240 mln and the sovereign segment around EUR 170 mln.
We estimate total staff at approx. 2950 employees (including assumptions for not disclosed staff). The EU and the UK account each for half of the staff. Fitch employs a total of 924 people, followed by Moodys with 655 and S&P with 543. About 1990 people are directly involved in rating activities and additional 107 in model development/review. In terms of market segments, the broad corporate market segment counts 976 analysts, 427 are active in SF, 189 in the Sovereign market – 395 analysts work across market segments or provide rating support activities.

Planned Sovereign Rating Updates

2021-03-14
Based on the Sovereign Rating Review calendars of 13 Credit Rating Agencies, we have updated our site to display the information for the next 3 weeks until end March 2021. During this period, a total of 67 rating actions by 10 agencies are on the agenda.
Cyprus and Portugal shall be reviewed by three agencies during this period. Austria will be reviewed by S&P and Scope on March 12th, Sweden by Moodys and DBRS on March 26th.

Upcoming Sovereign Rating Reviews

2021-02-17
Based on the Sovereign Rating Review calendars of 13 Credit Rating Agencies, we have updated our site to display the information for the next 3 weeks until early March 2021. During this period, a total of 66 rating actions by 10 agencies are on the agenda.
Estonia will be in focus of the attention as S&P, CRAG, DBRS and Moodys have all scheduled reviews during these 3 weeks. Denmark is reviewed by Fitch and S&P on February 26th and Spain by DBRS and Moodys on March 5th, 2021.

OECD modifies country risk classification of Bahrain and Oman

2021-01-29
Within the framework of the OECD country risk classification, Bahrain and Oman were both downgraded from 5 to 6.
Until January 2016, Oman was rated 2 and since then faced downgrades in nearly on a yearly basis.
Bahrain has shown the pattern pattern over a longer period. Until April 2010, Bahrain was rated 2, downgrades occuring thereafter in January 2011, February 2019 and Janaury 2021.

Scheduled Sovereign Rating Reviews

2021-01-27
Based on the Sovereign Rating Review calendars of 13 Credit Rating Agencies, we have updated our site to display the information for the next 3 weeks until mid February 2021. During this period, a total of 55 rating actions by 10 agencies are on the agenda. Lithuania will be in focus of the attention as Fitch, Scope, Moodys and S&P have all scheduled reviews during these 3 weeks.

Site updated to reflect final BREXIT

2021-01-05
As the United Kingdom withdrew from the European Union end of January 2020 and that the transition period ended end December 2020, we have updated our site to cover Credit Rating Agencies registered in the United Kingdom and registered with the FCA.
Additionally, we have updated the information relative to the European Union, where ESMA has withdrawn the registration of UK based entities.

2021 Global Sovereign Ratings Review calendar

2020-12-31
Base on regulatory disclosures applicable in the European Union and the United Kingdom, we have compiled our cross-agency calendar of scheduled rating reviews for 2021.

ESMA publishes EU rating agencies market shares report

2020-12-16
On December 14th, ESMA published its yearly market shares report for ESMA registered credit rating agencies.
According to ESMA, based on revenues, S&P Global Ratings has 40,40% market share, Moody's 33,12% and Fitch 17,55%.

OECD updates country risk classification for 3 countries

2020-10-27
Effective October 16th, 2020, the Country Risk Classification of the Participants to the Arrangements on Officially Supported Export Credit within the framework of the OECD was modified as follows:
- Aruba: from 4 to 5
- Bahamas: from 3 to 4
- Suriname: from 6 to 7.

The Indian Rating market

2020-08-21
We have updated our Country Regulatory page relating to India.

Inda has a well developed rating market with 7 registered agencies generating approximaterly EUR 110 mln in revenues in 2019.
Based on the probability of default benchmarks per rating catergory used in India, we have derived an indicative mapping of Indian local scale ratings to the international rating scale.
Additionally, for our registered users, we provide information on the Indian rating market and market shares based on regulatory disclosures as of March 2020.