How European Union CRA Regulation Affects Standard & Poor’s Sovereign, Regional, And Local Government Ratings

How European Union CRA Regulation Affects Standard & Poor’s Sovereign, Regional, And Local Government Ratings

Additional European rules on credit rating agencies came into effect on June 20, 2013. Some of these rules, which apply to all credit rating agencies registered in the European Union, are specifically intended by policymakers to increase the transparency and predictability of sovereign ratings. The majority of the provisions came into effect on June 20, 2013, although some apply from January 2014. The requirement to publish an annual calendar setting publication dates for the publication of sovereign, regional, and local government ratings and related outlooks has applied since Jan. 1, 2014. On Dec. 30, 2013, we published the first sovereign calendar covering 2014. Throughout 2014, we also published quarterly updates, adding new ratings and removing withdrawn ratings from the calendar. Additional responses to questions may be added in the future.


The Association of International Wealth Management of India (AIWMI) is a not-for-profit organization and a globally recognized membership association for finance professionals. AIWMI primarily focuses on the broad and strategic role of developing a more robust and forward-looking training infrastructure for the financial services sector and to promote more active industry involvement and collaboration in training and continuing education. AIWMI is offering advanced international certification programs along with a wide variety of high-quality executive education programs. AIWMI programs combine state-of-the-art knowledge and skills with practical experience and insights into the functioning of the financial sector. All AIWMI courses and educational events have an intense and pragmatic curriculum. Participants are exposed to the latest developments within the financial services sector. AIWMI plays a key role in guiding the development of the financial services sector. AIWMI works with key industry participants’ viz. the Government, the Regulators, the Industries/Associations, the Corporate, the Media and the General Public to achieve its objectives. Besides enhancing technical competence and professionalism in the industry, AIWMI organizes events and facilitates discussions to promote best practices in leadership and talent development in the financial sector with an aim to become Asia’s premier center of excellence for financial education.

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