SEC consults on NRSRO dislcosure requirements

Under the SEC’s proposal, NRSROs would be required to:

ESMA issues guidance on endorsement of third country ratings

ESMA published its guidelines regarding the endorsement of ratings issued third countries (Par 40 to 44 of enclosed document):

40. ESMA acknowledges the concerns raised by the markets participants in respect of the application of the endorsement regime. However, ESMA points out that the requirements of Article 4 (3) have not been modified by the amendment of the Regulation and that the entry into force of sub-paragraphs (f), (g) and (h) of Article 4 (3) remains 7 June 2011.

ESMA advises EC on CRA Supervisory fee's

On May 17th, ESMA published its technical advice to the European Commission regarding Supervisory Fee's for CRAs. You may download the document at ESMA's website directly here: http://www.esma.europa.eu/popup2.php?id=7586

 

ESMA annouces composition of Stakeholder Group

ESMA announced the composition of the its Stakeholder Group.

JCR Eurasia Rating,upgrades the credit ratings of Eko Faktoring A.Ş. from ‘BBB (Trk)’ to ‘A-(Trk)’ on the Long Term National Scale.

JCR Eurasia Rating has upgraded the credit ratings of Eko Faktoring A.Ş. from ‘BBB (Trk)’ to ‘A-(Trk)’ on the Long Term National Scale, from ‘A-3 (Trk)’ to ‘A-1(Trk)’ on the Short Term National Scale and from ‘BB-‘ to ‘BB’ on the Long Term International Foreign and Local Currency Scales with an affirmed „Stable‟ outlook. Other notes and details of the ratings are given in the table below:
Long Term International Foreign Currency
:
BB /(Stable Outlook)
Long Term International Local Currency
:
BB /(Stable Outlook)
Long Term National Local Rating

JCR Eurasia Rating affirmed the rating of ‘AAA (Trk)’ along with a ‘Stable’ outlook toTürkiye Garanti Bankası A.Ş. on the Long Term National Scale.

JCR Eurasia Rating has affirmed the rating of ‘AAA (Trk)’ along with a ‘stable’ outlook to Turkiye Garanti Bankasi A.S. on the Long Term National Scale, which denotes the highest credit rating grade assigned by the agency. JCR Eurasia has assessed the Long Term International Foreign Currency rating as ‘BBB-’ and Long Term International Local Currency rating as ‘BBB’. Other notes and details of the ratings are given in the table below:
Long Term International Foreign Currency
:
BBB- /(Stable Outlook)
Long Term International Local Currency
:

JCR-Eurasia Rating,upgrades the credit ratings of Şeker Finansal Kiralama A.Ş.from „BBB (Trk)‟ to „BBB+ (Trk)‟on the Long Term National Scale.

JCR Eurasia Rating has upgraded the credit ratings of “Şeker Finansal Kiralama A.Ş.” from „BBB (Trk)‟ to „BBB+ (Trk)‟ on the Long Term National Scale and from „A-3 (Trk) to „A-2 (Trk) on the Short Term National Scale with an affirmed „Stable‟ outlook. JCR Eurasia has affirmed the Long Term International Foreign Currency and Long Term International Local Currency ratings as „BB‟. Other notes and details of the ratings are given in the table below:
Long Term International Foreign Currency
:
BB /(Stable Outlook)
Long Term International Local Currency
:

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