ECONOMY - FINANCE - BUSINESS / (ae) credit ratings

Five non-EU countries deemed to have EU-equivalent rules

Brussels, 03/06/2013 (Agence Europe) - The European Supervision of the Markets Authority (ESMA) says that the rules of five countries governing credit rating agencies are equivalent to the rules in force in the EU. These countries are Argentina, Brazil, Hong Kong, Mexico and Singapore, which comply with EU Regulation 1060/2009 on credit rating agencies. The Commission made the announcements in a final report published at the end of last week. In October 2012, the European Commission decided...