RATINGTICKER
Source Issuer Rating
Scope Greece BB+
Scope Austria AAA
Scope Georgia BB
Scope Italy BBB+
Scope Spain A-
NEWS
RP - 2021-09-30
Scheduled Sovereign rating reviews during October 2021

RP - 2021-09-01
September Sovereign Rating Updates

RP - 2021-08-02
August Sovereign Rating Updates

United Kingdom

Date of last update: January 5th, 2021

The United Kingdom left the European Uniom on January 31st, 2020 and the transition period ended on December 31st, 2020.

The United Kingdom has transposed the EU Regulation on Credit Rating Agencies into national law via the European Union (Withdrawal) Act 2018, the Financial Conduct Authority (FCA) being the regulator of UK-registered and certified credit rating agencies (CRAs).

The folowing CRAs have requested preliminary registration/certification:

  • A.M. Best Europe, Rating Services Limited
  • ARC Ratings
  • DBRS Ratings Limited
  • Egan-Jones Ratings Company
  • Fitch Ratings (CIS) Limited
  • Fitch Ratings Limited
  • HR Ratings de Mexico
  • Kroll Bond Rating Agency UK Limited
  • Japan Credit Rating Agency
  • Moody’s Investors Service Limited
  • S&P Global Ratings UK Limited  
  • Scope Ratings UK Limited
  • The Economist Intelligence Unit Limited

UK based CRAs may endorse ratings issued by its European affiliates as well as EU based CRAs may endorse ratings issued by the UK affiliates. The UK FCA and EUs ESMA have both undertaken the "as stringent as" assessment in order to allow such an endorsement.

 

Based on information available at the Bank of England as Prudential Authority, the United Kingdom will use the same mapping of ECAI ratings as applicable in the European Union currently. The table below summarizes the mapping:

Mapping of ECAI ratings in the United Kingdom