Day: December 19, 2025

Scope Ratings has intensified its public narrative around expansion, positioning itself as a European counterweight to the dominance of S&P, Moody’s and Fitch. Yet the latest market share data published by the European Securities and Markets Authority (ESMA) reveal a starkly contrasting reality: Scope’s relative position in the European rating market has weakened significantly over…

The European credit rating agency (CRA) market remains highly concentrated, butrecent data from the European Securities and Markets Authority (ESMA) indicate subtle yet meaningful shifts in market shares that are reshaping competitive dynamics. The 2025 edition of ESMA’s CRA Market Share Report, based on audited 2024 revenues, provides a detailed snapshot of how dominance, consolidation,…