RATINGTICKER
Source Issuer Rating
Scope Spain A-
Scope China A+
Scope United Kingdom AA
OECD Hong Kong 2
OECD Myanmar 7
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

EU Market Shares

 Date of last update: May 2021


According to 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.

On December 14th, 2020, ESMA published the report for the year 2019. According to ESMA calculations, the market shares are as shown on the rigth side.

The shares of other agencies splitts as follows (note that CRAs having less than 0,05% of the EU rating market are not displayed on this graph.

2019 Market shares of other EU rating agencies

 

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 2019

Market shares of S&P, Moodys and Fitch in the EU from 2012 to 2019

 

Based on the transparency reports of ESMA and UK FCA registered CRAs, we estimate that the Dominant 3 take 91,7% of the market in 2020