Athens, 24th November 2023<\/p>\n
Credit Rating Agency of ICAP CRIF \u2013 New methodology for the assignment of Credit Ratings to Non-Banks Financial Institutions<\/strong><\/p>\n The Credit Rating Agency of ICAP CRIF, consistent with the company’s business objectives and strategies, has recently developed a new methodology to assign Credit Ratings for Non-Banks Financial Institutions<\/strong>, at European level, thereby broadening the range of rating services it provides.<\/p>\n Henceforth it assigns Credit Ratings, in accordance with the requirements of Regulation (EC) 1060\/2009 of the European Parliament and of the Council of 16 September 2009 on Credit Rating Agencies, also for non-deposit-taking financial institutions, including, inter alia, mortgage companies, credit cards, general consumer financing, commercial finance, factoring, leasing, securities brokerage, asset managers, automobile financing and student lending.<\/p>\n The methodology is based on both quantitative and qualitative analysis of historical and current data, at European level, to form expectations for a number of aspects affecting future credit risk.<\/p>\n These include e.g., financial, business, operational, legal, regulatory, ESG, climate, as well as industry-specific and sovereign factors. You can see our new methodology here<\/a>, as it is publicly available on the company’s website<\/a>.<\/p>\n <\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" The Credit Rating Agency of ICAP CRIF, consistent with the company’s<\/p>\n","protected":false},"author":4,"featured_media":106874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[423],"tags":[],"class_list":["post-112360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en"],"yoast_head":"\n
\nThe Credit Ratings may be used for regulatory purposes in accordance with Union law as implemented by the national legislation of EU Member States.<\/p>\n