Business News, Comment and Events
Rating agency: Coface filed for accreditation with the CESR
Paris, 28 July 2010 – Coface intends to become the first global European rating agency and to contribute towards restoring confidence in corporate ratings
On the 13th of July Coface filed its accreditation request with the CESR (Committee of European Securities Regulators) as a rating agency specialising in corporates, for its 10 rating agencies in Europe. Coface offers an alternative to the traditional 3 rating agencies, as well as a response to the issues concerning independence and responsibility which currently place the rating agencies at the heart of the actual debate on ratings.