ESMA Gives Ratings Nod to Poland's INC Ratings

INC's registration brings the total number of ESMA-approved rating agencies to 25.

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INC Rating will provide ratings for sub-sovereign securities, including solicited and unsolicited credit ratings for local government agencies.

The ESMA registration requires ratings providers to demonstrate governance and the ability to manage conflicts of interest, the development and application of methodologies for assessing credit risk, and to disclose information to ESMA and market participants.

There are now 25 ESMA-registered ratings agencies operating in the EU.