Source Issuer Rating
AA_DE DELA Coöperati.. A
AA_DE Verband öffent.. A+
AA_DE PrismaLife AG BBB+
AA_DE Sueddeutsche Kr.. A+
AA_DE RheinLand Holdi.. A+
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

EU Market Shares

 Date of last update: April 4th ,2022


Article 8d of the EU Regulation on Credit Rating Agencies, requires issuers and related third parties intending to appoint at least 2 CRAs to consider appointing one "small" CRA (defined as having less than 10% market share measured against revenues). ESMA shall publish annually a corresponding market shares calculation.

Indicative market shares for 2021

Based on the Transparency reports of EU registered Credit Rating Agencies for fiscal year 2021, we have calculated the below market shares. Kindly note that this calculation includes assumptions for undisclosed revenues.

Indicative 2021 EU CRAs market shares

 Please follow this link to view our estimate for the United Kingdom.

ESMA Calculation for 2020

On December 22nd, 2021, ESMA published the report for the year 2020:


ESMA market shares calculation for 2012 to 2020

The graph below summarizes the market shares of the Big 3 (S&P, Moody and Fitch) based on ESMA reports for the period 2012 to 2020:

Market shares of S&P, Moodys and Fitch in the EU from 2012 to 2020