Central Banks
ECB Gives Scope Ratings Green Light to Join Collateral Club
- Integration into euro-area infrastructure to take some months
- ABS ratings by Scope not yet in line with Eurosystem rules
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Scope Ratings won approval from the European Central Bank to join the select club of companies whose credit assessments it accepts in its collateral framework.
Analysis by the Berlin-based organization will now be eligible along with four longstanding rivals: DBRS Morningstar, Fitch Ratings, Moody’s Investors Service and S&P Global, according to a statement released Friday.