15/10/2012 (Agence Europe) - Credit ratings: US, Canadian and Australian credit rating rules equivalent of EU system. On 5 October, the European Commission adopted three decisions stating that following an investigation by the European Securities Market Authority (ESMA), the credit rating rules of the United States, Canada and Australia are equivalent to EU legislation. Credit rating agencies in the three countries can therefore apply for licences to operate in the EU so that their ratings...