Singapore
The Monetary Authority of Singapore (“MAS”) is the supervisor of Credit rating Agencies in Singapore. The following agencies are currently registered with MAS:
- A.M. Best Asia-Pacific (Singapore) PTE. LTD.
- Fitch Ratings Singapore PTE Ltd
- Moody’s Investors Services Singapore PTE Ltd
- Standard & Poor’s Singapore PTE ltd.
Relations with European Union
On March 2012, ESMA announced that it considered the regulatory framework on CRAs in Singapore to be in line with EU rules. Since then, ratings issued in Singapore can be endorsed by EU registered CRAs.
In April 2014, the European Commission adopted its implementing decision on the recognition of the legal and supervisory framework of Singapore as equivalent to the EU requirements.