Regulatory requirements


Creditreform Rating AG has been duly registered as a rating agency pursuant to EU Regulation (EC) 1060/2009 (EU Rating Regulation).

Conflicts of interest

Conflicts of interest

This is where Creditreform Rating AG releases information about all actual or potential conflicts of interest. There are currently no discernible – actual or potential – conflicts of interests.

In general, the following rule applies: Creditreform Rating AG recognizes, eliminates or resolves actual or potential conflicts of interest that are liable to affect the analyses and the judgment of its rating analysts and of the people who approve the ratings, disclosing them in a clear and unambiguous manner.

Principles for the compensation of staff

Employees of CRA commissioned to perform or process ratings receive a compensation which is independent from specific ratings or non-core business activities.

Ancillary services

List of ancillary services

In addition to credit rating services, Creditreform Rating AG provides the following ancillary services:


Rating-related services:

  • Pre-ratings
  • Credit Estimates/Credit Assessments
  • Performance and preparation of ratings, which do not fall under EU Regulation (EC) No. 1060/2009 (EU Rating Regulation) or other regulations

Other services:

  • ESG ratings
  • Mandated analyses (economic-, market- and portfolio analyses)
  • Sale of data

Disclosure of ratings

Disclosure of ratings

Creditreform Rating AG defines the term “rating“ pursuant to the legally valid definition of the EU Rating Regulation. According to Article 3 of the EU Rating Regulation, a credit rating is “an opinion regarding the creditworthiness of an entity, a debt or financial obligation, debt security, preferred share or other financial instrument, or of an issuer of such a debt or financial obligation, debt security, preferred share or other financial instrument, issued using an established and defined ranking system of rating categories”.

Creditreform Rating AG issues “private“ as well as “public“ ratings as defined by the EU Rating Regulation. This distinction between “private“ and “public“ ratings follows the ESMA Guidelines and Recommendations on the Scope of the CRA Regulation (ESMA/2013/720).

Sovereign Rating Calendar