Credit Rating Agencies in the Line of Fire?

ESMA has issued a ‘Call for Evidence’ to help find ways of increasing competition, broadening choice and minimising conflicts of interests in the credit rating agencies industry.

Key Points

  • Improving the workings of the credit rating agencies industry
  • ESMA’s objectives
  • A good idea or a pipe dream?
  • Rotation
  • A passport to the capital market
  • Does the ‘Issuer-Payer’ model have any justification?
  • Other potential improvements
  • “Who rates the raters?”


Written by

François Masquelier
Head of Corporate Finance and Treasury, RTL Group, and Honorary Chairman of the European Association of Corporate Treasurers
RTL Group

Strategic Treasury Series (32 articles)


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