EMA launches a central rating repository, which provides information on credit ratings issued by the 15 rating agencies that are registered in the EU
New standards are consistent with international regimes
Rating agency maintains negative outlook for the entire Sun Life group
Banks have experienced the greatest rise in negative outlooks
Rating outlook characterized as “developing”
Majority of global industries have weathered the storms of the past year relatively well
Rating outlook is stable
ESMA is in an advanced state of its assessment for Canada and U.S. regulatory frameworks
A.M. Best cites parent company’s exposure to Europe
Lowered ratings reflect “the high likelihood of default”