S&P : Sovereign Rating Actions
06/12/2011
 Standard & Poor's Puts Ratings On Eurozone Sovereigns On CreditWatch With Negative Implications
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Credit FAQ: Factors Behind Our Placement Of Eurozone Governments On CreditWatch
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Germany's Unsolicited Long-Term 'AAA' Rating Placed On CreditWatch Negative
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France's Unsolicited 'AAA' Long-Term Rating Placed On CreditWatch Negative
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Fitch confirme le AAA de la France
06/12/2011
L'agence de notation Fitch a estimé mardi que les fondamentaux économiques de la France soutenaient sa note AAA malgré la crise. Mais la capacité du pays à absorber d'autres chocs est largement épuisée, a-t-elle prévenu.
Maria Malas-Mroueh, analyste principale de Fitch sur la France, s'exprimait au lendemain de la mise sous surveillance avec implication négative de 15 pays de la zone euro par Standard & Poor's, dont la France.
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http://www.lefigaro.fr/flash-eco/2011/12/06/97002-20111206FILWWW00503-fitch-confirme-le-aaa-de-la-france.php |
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CE: Commission wants better quality credit ratings
15/11/2011
 | Brussels, 15 November 2011 - Credit rating agencies (CRAs) are major players in today's financial markets, with rating actions having a direct impact on the actions of investors, borrowers, issuers and governments. For example, a corporate downgrade can have consequences on the capital a bank must hold and a downgrade of sovereign debt makes a country's borrowing more expensive. Despite the adoption of European legislation on credit rating agencies in 2009 and 2010, recent developments in the context of the euro debt crisis have shown our existing regulatory framework is not good enough. So, today the Commission has put forward proposals to toughen that framework further and deal with outstanding weaknesses.
Internal Market Commissioner Michel Barnier said: "Ratings have a direct impact on the markets and the wider economy and thus on the prosperity of European citizens. They are not just simple opinions. And rating agencies have made serious mistakes in the past. I have also been surprised by the timings of some sovereign ratings – for example ratings announced in the middle of negotiations on an international aid programme for a country. We can't let ratings increase market volatility further. My first objective is to reduce the over-reliance on ratings, while at the same time improving the quality of the rating process. Credit rating agencies should follow stricter rules, be more transparent about their ratings and be held accountable for their mistakes. I also want to see increased competition in this sector."
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http://europa.eu/rapid/pressReleasesAction.do?reference=IP/11/1355&format=HTML&aged=0&language=EN&guiLanguage=fr |
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FAQ regarding the EU regulation on Credit Rating Agencies: Common positions agreed by CESR Members
04/06/2010
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CESR - Consultation on Credit Agencies Issues linked to their supervision and the settlement of common methodological standards
17/05/2010
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IOSCO - Regulatory Implementation of the Statement of Principles Regarding the Activities of Credit Rating Agencies
13/05/2010
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FAQ: CESR Members provide commonly agreed answers to questions on EU CRA Regulation
08/03/2010
| CESR published today a FAQ document summing up questions received and, at the same time, providing commonly agreed answers by CESR Members to the EU Regulation on Credit Rating Agencies (CRA). |
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The European regulation supervising credit rating agencies enters into force
07/12/2009
| Credit rating agencies is therefore the first industry placed under direct supervision from the European Commission. |
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