Source Issuer Rating
AA_DE DELA Coöperati.. A
AA_DE Verband öffent.. A+
AA_DE Credit Life AG A+
AA_DE Stuttgarter Leb.. A
AA_DE PrismaLife AG BBB+
RP - 2022-04-04
Estimated EU and UK credit rating agencies market shares for 2021

RP - 2022-02-04
Scheduled Sovereign Rating Reviews for February 2022

RP - 2022-01-03
ESMA publishes EU rating agencies market shares report


Currently 4 companies are registered as “Calificadoras de Riesgo” with Commission Nacional de Valores (“CNV Argentina”): http://www.cnv.gob.ar/infofinan/calif/pub/esp/app/ca_CR_Sel.asp?Lang=0

Evaluadora Latinoamericana S.A. Calificadora de Riesgo

Fitch Argentina Calificadora de Riesgo S.A.

Moody s Latin America Calificadora de Riesgo S.A.

Standard & Poor s International Ratings, LLC. Sucursal Argentina

The following market segments are defined in Argentina: Acciones, Obligaciones negociables, titulos de deuda de corto plazo, titulos publicos, fondos communes de inversion, fondos communes cerrados de credito, fidceicomissos financieros.

At CNV dedicated webpage on CRAs (califcadoras de Riesgo), substantial information on each CRA is available:

-        Rating methodologies

-        Rating transitions and default study

-        Pricing schedules

-        Financial statements (annual and quarterly)

-        Information on key personnel

On CNV Argentina website, you may look up publicly available ratings in Argentina: http://www.cnv.gob.ar/infofinan/calif/pub/esp/app/ca_TT_Sel.asp?Lang=0


Relation with European Union

On April 18th, 2012 ESMA announced that it considers the regulatory regime for Credit Rating Agencies in Argentina to be in line with European Union rules.  In July 2012, ESMA and the CNV Argentina entered into a Memorandum of Understanding regarding the cooperation of competent authorities for the supervision of Credit Rating Agencies. Since then, ratings issued in Argentina can be endorsed by EU rating agencies.

On April 28th, 2014, the European Commission adopted the implementing decision on the recognition of the legal and supervisory framework in Argentina as equivalent to the requirements of the EU Regulation on CRAs. 

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