PARIS, March 19, 2019 /PRNewswire/ -- Beyond Ratings is pleased to announce that the European Securities and Markets Authority (ESMA) has accredited it to issue ratings for central, regional, and local governments as well as (both supranational and national) policy-driven financial institutions.
Beyond Ratings is a privately-owned financial services firm that specializes in ESG (environmental, social, and governance) analysis.
ESMA is the single direct supervisor of credit rating agencies (CRAs) in Europe. Its mandate stems from EU CRA regulation, which ensures a common framework and minimum quality standards for credit ratings issued in the European Union.
"We believe ESMA accreditation validates our central proposition that ESG analysis is essential to evaluate all manner of risks, including credit risks of sovereigns, sub sovereigns, and development banks," said Rodolphe Bocquet, CEO and co-founder of Beyond Ratings. "ESMA registration has been an objective since the firm's founding in 2014 and will enable us to expand our ESG platform for positive finance."
Elie Hériard-Dubreuil, Managing Director who oversaw the ESMA application, comments: "We believe that our ratings will enable investors to consider a broader set of risk factors. We maintain that investors who ignore ESG do so at their peril."
-- On 18 March 2019, the European Securities and Markets Authority (ESMA),
the EU's direct supervisor of credit rating agencies (CRAs), announced
that it registered Beyond Ratings (BR) as a credit rating agency under
Regulation (EC) No 1060/2009 of the Council of 16 September 2009 on
credit rating agencies with immediate effect. Further information
regarding CRA regulation can be found here
-- Based in Paris, France, and incorporated in 2014, Beyond Ratings
provides innovative services to assist the financial sector in the
transition towards sustainable trajectories. As a CRA, BR will be able
to issue ratings to public issuers (sovereign, local & regional
governments, and policy-driven financial institutions), based on
methodologies which systematically integrate ESG factors into the
-- Sovereign, supranational, and agency (SSA) debt is the largest and most
liquid compartment of global financial securities. As these instruments
finance public policies, their influence can extend beyond classic
economic impact (e.g. green and social bonds). The public debt sector is
therefore a prime candidate for ESG-augmented credit ratings
Logo: https://mma.prnewswire.com/media/835702/Beyond_Ratings_Logo.jpg [https://mma.prnewswire.com/media/835702/Beyond_Ratings_Logo.jpg]
Elie Hériard-Dubreuil, Managing Director
Web site: https://www.beyond-ratings.com//