S&P Provides Update On Ratings Endorsement Regime In The EU
|Publication date: 08-Nov-2010 13:03:32 GMT|
LONDON (Standard & Poor's) Nov. 8, 2010--Standard & Poor's Ratings Services today announced its intention to identify ratings that are issued by its ratings affiliates within the European Union, and where appropriate, identify as "endorsed" those ratings assigned by S&P's non-EU ratings affiliates that are endorsed into the EU. Identification will be achieved either by letter-identifiers indicating EU-originated ratings or, when applicable, EU-endorsed ratings. Endorsement may allow firms to use ratings issued by S&P's non-EU ratings affiliates. S&P intends to identify its ratings pursuant to the recently-enacted European Regulation on Credit Rating Agencies (Regulation (EC) No 1060/2009). The EU Regulation may be viewed at: http://ec.europa.eu/internal_market/securities/docs/agencies/100602_proposal_en .pdf. S&P will show the identifiers in an additional column to the ratings display tables on www.standardandpoors.com. Ratings assigned inside the EU will be accompanied by an "EU" identifier while ratings endorsed for use in the EU will be accompanied by an "EE" identifier. Neither identifier modifies any rating definition. The identifiers are likely to be implemented following approval by the Committee of European Securities Regulators.
|Media Contacts:||Martin Winn, London (44) 20-7176-3740;|
|John Piecuch, London (44) 20-7176-3536;|
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