24/03/2023 (Agence Europe) – On Friday 24 March, the European Securities and Markets Authority (ESMA) fined S&P Global Ratings Europe Limited (S&P) a total of €1,110,000 for breaches relating to the premature release of credit ratings to the public. ESMA found that S&P published credit ratings before the concerned securities were issued by the rated entities and announced to the market. This was due to internal control failures. “Publishing a credit rating before the issuance of the...