Brexit May Drive Credit Raters From U.K.’s Supervisory Limbo

  • Moody’s, S&P and Fitch are overseen directly by ESMA
  • ESMA would probably require main operations in EU, lawyer says

Banks based in the U.K. are looking at escape routes in case the country’s secession from the European Union cuts them off from the single market. For the companies that rate their debt, this threat is particularly direct.

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