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ERA publishes sovereign methodology
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The European Rating Agency (ERA, Agency) presents its sovereign methodology. The publication of sovereign methodology brings the activity of ERA to a fundamentally new level, as it allows the agency to significantly expand the range of its rating products. The methodology will serve a basis for a number of rating methodologies aimed at corporate borrowers, banks and development institutions, which will give an additional impetus to the development of ERA as a full-fledged and competitive rating agency in the European market.

ERA sovereign methodology

ERA is a registered credit rating agency

In connection with the adoption of new regulation of credit rating agencies in the European Union, the EUROPEAN RATING AGENCY, a.s., in 2009, began to transform to a rating agency according to rigorous requirements of the Regulation of the European Parliament and Council (ES). This process implied many changes in the process and analytical-methodological field, which led to specialization of the agency on issuing ratings for regulatory purposes. The registration process of the agency under the new regulation was completed in July 2012. The ratings issued by EUROPEAN RATING AGENCY, a.s. can be utilized by all parties on the financial market and state institutions as an officially accepted instrument for risk evaluation across the whole European Union.

Thursday, 17 May 2018

The EUROPEAN RATING AGENCY (ERA) proudly announces a new strategic partnership with the Analytical Credit Rating Agency (ACRA). The combination of ERA, an established EU rating agency, with the dynamism and expertise of ACRA, one of Russia’s leading rating agencies, will provide synergies that will benefit capital markets. 

On April 20, 2018, ERA’s single shareholder and Board Chairman, Mr. Emil Hubinák and ACRA’s CEO, Ms Ekaterina Trofimova signed an agreement making ACRA ERA’s sole shareholder, representing 100 percent of ERA’s issued share capital, together with all voting and ancillary rights. ACRA is committed to continuing ERA`s development, including plans to further develop ERA`s rating business in Central and Eastern Europe.  

About the agency

The key activity of the EUROPEAN RATING AGENCY, a.s. (ERA) is a preparation of rating assessments of organisations (municipalities and non-financial institutions) and issues. These analytical assessments are developed for entities operating in diverse industries. ERA started its market operations in 2001 as a local rating agency in the Slovak republic. At present, ERA issues ratings mainly to entites on the Slovak market and some other EU countries.