Regulatory requirements

Registration

Creditreform Rating AG has been duly registered as a rating agency pursuant to EU Regulation (EC) 1060/2009 (EU Rating Regulation).

Conflicts of interest

Conflicts of interest

This is where Creditreform Rating AG releases information about all actual or potential conflicts of interest. There are currently no discernible – actual or potential – conflicts of interests.

In general, the following rule applies: Creditreform Rating AG recognizes, eliminates or resolves actual or potential conflicts of interest that are liable to affect the analyses and the judgment of its rating analysts and of the people who approve the ratings, disclosing them in a clear and unambiguous manner.

Principles for the compensation of staff

Employees of CRA commissioned to perform or process ratings receive a compensation which is independent from specific ratings or non-core business activities.

Ancillary services

List of ancillary services

In addition to credit rating services, Creditreform Rating AG provides the following ancillary services:

 

Rating-related services:

  • Pre-ratings
  • Credit Estimates/Credit Assessments
  • Performance and preparation of ratings, which do not fall under EU Regulation (EC) No. 1060/2009 (EU Rating Regulation) or other regulations

Other services:

  • ESG ratings
  • Mandated analyses (economic-, market- and portfolio analyses)
  • Sale of data

Disclosure of ratings

Disclosure of ratings

Creditreform Rating AG defines the term “rating“ pursuant to the legally valid definition of the EU Rating Regulation. According to Article 3 of the EU Rating Regulation, a credit rating is “an opinion regarding the creditworthiness of an entity, a debt or financial obligation, debt security, preferred share or other financial instrument, or of an issuer of such a debt or financial obligation, debt security, preferred share or other financial instrument, issued using an established and defined ranking system of rating categories”.

Creditreform Rating AG issues “private“ as well as “public“ ratings as defined by the EU Rating Regulation. This distinction between “private“ and “public“ ratings follows the ESMA Guidelines and Recommendations on the Scope of the CRA Regulation (ESMA/2013/720).

Sovereign Rating Calendar

Sovereign Rating Calendar

Pre-Ratings

Pre-Ratings

Methodologies

October 2024: CRAG Rating Methodology Financial Instruments (Issue Ratings) v1.6
833.1 KiB
September 2024: CRAG Rating Methodology Trade Receivables Securitizations v2.0
602.2 KiB
September 2024: CRAG Sub-Methodology Real Estate Companies v1.0
180.5 KiB
June 2024: CRAG Rating Methodology NPL Securitizations - v1.0
781.5 KiB
April 2024: CRAG Rating Methodology ESG Assessments Banks v1.1
490.0 KiB
April 2024: CRAG Rating Methodology Bank Capital and Unsecured Debt Instruments Methodology v2.2
395.6 KiB
April 2024: CRAG Rating Methodology Bank Rating v3.3
201.6 KiB
April 2024: CRAG Rating Methodology Credit Cards ABS Securitizations v1.0
630.0 KiB
March 2024: CRAG Rating Methodology Non-Financial Corporate Issue Ratings v2.0
766.2 KiB
January 2024: CRAG Rating Methodology RMBS v1.0
291.5 KiB
October 2023: CRAG Rating Methodology SME CDO Securitizations v1.0
655.1 KiB
July 2023: CRAG Rating Methodology Covered Bonds v1.2
414.0 KiB
June 2023: CRAG Rating Methodology Corporate Short-Term Ratings v1.0
712.2 KiB
June 2023: Rating Methodology Consumer ABS Securitizations v1.0
267.9 KiB
May 2023: CRAG_Rating Methodology_Government Related Companies v1.1
585.7 KiB
May 2023: CRAG Rating Methodology Government-Related Banks v2.1
398.7 KiB
July 2022: CRAG Rating Methodology Corporate Ratings v2.4
367.4 KiB
July 2021: Rating Methodology Institutional Protection Scheme Banks v1.0
619.2 KiB
March 2020: The Impact of ESG Factors on Credit Ratings
228.0 KiB
July 2018: Rating Methodology Auto ABS Securitizations v1.4
562.0 KiB
July 2018: Technical Documentation Portfolio Loss Distributions
502.4 KiB
January 2018: CRAG Rating Criteria and Definitions v1.3
394.3 KiB
July 2016: Rating Methodology Structured Finance v2.2
378.5 KiB
July 2016: Rating Methodology Sovereign Ratings v1.2
422.8 KiB
July 2016: Rating Methodology Trade Receivables Securitizations v1.5
347.6 KiB

Retired Methododolgies - No longer in use

May 2023: CRAG Rating Methodology Bank Rating v3.2
199.4 KiB
January 2023: Rating Methodology Financial Instruments (Issue Ratings) v1.5
824.6 KiB
May 2022: CRAG Rating Methodology Bank Capital and Unsecured Debt Instruments Methodology v2.1
732.3 KiB
April 2022: Rating Methodology Covered Bonds v1.1
664.5 KiB
April 2022: Rating Methodology Bank Ratings v3.1
593.6 KiB
October 2021: Rating Methodology Financial Instruments (Issue Ratings) v1.4
755.1 KiB
July 2021: Rating Methodology Bank Ratings v3.0
661.5 KiB
June 2020: Rating Methodology Bank Ratings v2.0
256.8 KiB
June 2020: Rating Methodology ESG Score for Banks v1.0
182.2 KiB
May 2019: Rating Methodology Corporate Ratings v2.3
303.3 KiB
April 2019: Bank Capital and Unsecured Debt Instruments Methodology v2.0
255.8 KiB
April 2019: Sub-Methodology - Government-Related Banks v2.0
518.9 KiB
July 2017: Rating Methodology Covered Bonds v1.0
180.9 KiB
April 2017: Rating Methodology Government-Related Companies v1.0
80.1 KiB
December 2016: Rating Methodology Bank Ratings v1.4
121.8 KiB
October 2016: Rating Methodology Non-Financial Corporate Issue Ratings v1.0
130.9 KiB
July 2016: Rating Methodology Financial Instruments (Issue Ratings) v1.3
580.9 KiB