On July 10, 2015, the European Securities and Markets Authority approved the registration of modeFinance S.r.l., as a credit rating agency under the Credit Rating Agencies Regulation. ModeFinance is based in Italy, and its credit ratings may now be used for regulatory purposes within the European Union.
The ESMA press release is available at: http://www.esma.europa.eu/news/ESMA-registers-modeFinance-credit-rating-agency?t=326&o=home.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
