Author: Dr. Oliver Everling

S&P Global reported third quarter 2021 results with revenue of more than $ 2 billion, an increase of 13% compared to the same period last year. Every segment was delivering revenue growth. Net income increased 75% to $797 million. Diluted earnings per share increased 75% to $3.30 primarily due to the debt tender premium and…

Scope’s new Board of Trustee’s member could not only prove to be an own goal, but also bring disadvantages for competing agencies.

The raid on the German Ministry of Finance was the subject of a special meeting of the Bundestag Finance Committee this week. The background to the search are investigations into employees of the Financial Intelligence Unit (FIU), who are said to have failed to forward information on terrorist financing to the judiciary and the police…

A new study shows the most expensive and cheapest neighborhoods in Germany. It contains an evaluation of the current real estate prices, the minimum income that is necessary to avoid financial overload due to housing costs. The study shows an overview of the median income in the respective city as well as an exemplary calculation.…

CRA Transparency Reports 2021 “Transparency Reports” of credit rating agencies (CRAs) are published in accordance with Article 12 and Annex I, Section E.III of the EU Regulation on Credit Rating Agencies: (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies, as amended by Regulation (EU)…

SPD candidate for Chancellor Olaf Scholz is under pressure The “governance” criterion plays an important role in ESG ratings for states. Not only credit ratings are influenced by good governance. Finance ministries have a crucial role in this. The Osnabrück public prosecutor’s office searched the Federal Ministry of Finance in Germany this week. The Federal…

A B (Single B) is shown on the Expo rating scale. In his Investmentcheck-News KW 36/2021, Stefan Loipfinger comes to a different conclusion, mainly due to the lack of willingness to provide information. The Exporo classification measures the relative risk using important criteria that are of great importance when making an investment decision in the…

Challenge of maintaining independence The Analytical Credit Rating Agency, Eurasian Development Bank (EDB), and the Ministry of Finance of the Republic of Armenia have entered into a Memorandum of Understanding that establishes areas for cooperation between the aforementioned parties, the key goal of which is to stimulate economic growth in the Republic of Armenia and…

Dr. Tamaz Georgadze comments in the renowned “Börsen-Zeitung” on the “Causa Greensill“ Deposit platforms such as the German “WeltSparen” and “Zinspilot” are among the most important innovations in banking: Customers get more choice and can benefit from higher interest rates from other banks. Deposit-taking banks efficiently diversify the sources of their customer liquidity, which contributes…

Rework requested Just a few years ago, a cereal was linguistically associated with Kellogg’s. Anyone who spoke of Kellogg’s in Germany thought of cornflakes and vice versa, anyone who thought of cornflakes would also think of Kellogg’s. In the meantime, discount chains – from Germany for example – such as Aldi and Lidl have revolutionized…

Standard & Poor’s gave away a strong name “Landor announced that it has provided brand strategy and design services to McGraw Hill Financial for the company’s bold new brand identity as S&P Global. Landor partnered with the company to create a new name and design system that confidently marks S&P Global as the leader in delivering…

Revenue Grid, a Mountainview, California-based revenue platform, raised $20 million in Series A funding. “800,000 sales pros use Revenue Grid to win faster and with more confidence”, says the website. The company is proud to have Moody’s as a customer. W3 Capital led the round and was joined by investors including ICU Ventures. W3 Capital is a family owned…

Increasingly, insurers advertise that they are working with so-called scoring models when calculating premiums for occupational disability insurance. With the help of additional questions about the specific structure of everyday working life, the insurer should be able to get a more realistic picture of the risk to be insured. Customers and intermediaries should welcome it…

Largely unnoticed, Italy’s stock market is currently changing from an ugly duckling to a proud swan, or rather to a hidden champion in international comparison. Or is this just a flash in the pan, like the one that the President of the European Central Bank has already kindled for all of Europe? This change is…

Who is actually interested in RATING©REPAIR? Only subscribers are known by name. All others remain anonymous. Nevertheless, we can see how many views RATING©REPAIR has received per country by the day, week, month, and year. This is technically possible today. The above illustration refers to the last 30 days. If a visitors’ location cannot be…

Some surprising observations Many Internet users do not bother to memorize the exact domain of a website, but simply enter a clear keyword into the Google search engine in order to be able to simply click on the desired result and visit the desired website. The displayed search results are therefore of great importance for…

The misleading self-presentation of a local credit rating agency in Hamburg raised the question of what kind of representations are allowed.

Transactions of Lang & Schwarz Aktiengesellschaft are the subject of a tax audit, reports the company in a publication of inside information in accordance with Article 17 of Regulation (EU) No. 596/2014. The subject of the tax audit is an examination of the business of Lang & Schwarz Aktiengesellschaft in the financial years 2007 to…

A not so unique rating agency

The professionalization of an asset class can only be achieved with reliable rating offers. More artworks are offered and traded digitally than ever before. With 24/7 worldwide bidding, “Artnet Auctions” is a leading online-only marketplace for buying and selling fine art. New bidders, buyers, and consignors across categories, geographies, and demographics entrust artnet Auctions with…

Rating agencies have been registered in the European Union since 2010 in order to operate in accordance with the EU regulation on rating agencies of 2009 (CRAR). Dozens of agencies have therefore made use of the option, but also the obligation, to register or get certified. Rating agencies are only allowed to operate in the…

Links to websites of the Credit Rating Agencies authorized in the European Union. The credit rating agencies listed below have been registered or certified by the European Securities and Markets Authority (ESMA) in accordance with the Credit Rating Agencies Regulation. Domains of websites are added. According to ESMA, the list was last updated on May…

The clear divide between investment-grade and speculative-grade debt markets dates back decades. A number of central banks make their bond purchase programs dependent on minimum credit ratings. These are often operationalized by specifying rating symbols, such as the rating symbols Baa3 or BBB-. When a rating agency tries to win paid orders from issuers by…

What makes the price positioning of our rating repair shop so unique. Our RATING©REPAIR brand has only one price, namely only a single monthly subscription fee, billed by WordPress and the payment service provider Stripe. With this price we position ourselves between the monthly subscription fees of newspapers, magazines and other data providers on the…

No blank check for SPACs. Special purpose acquisition companies (SPACs) are shell companies that are admitted to trading on a trading venue with the intention to acquire a business and are often referred to as “blank check companies”. The European Securities and Markets Authority (ESMA) encourages National Competent Authorities (NCAs) to focus their scrutiny of…

2021 Securitization Awards. Kroll Bond Rating Agency (KBRA), a global full-service rating agency, was named “Securitization Rating Agency of the Year” by GlobalCapital at its U.S. Securitization Awards 2021. “KBRA was founded in 2010 to set a standard of excellence and integrity, and we have been loyal to this notion since then,” Eric Thompson, Global…

URA Research GmbH is once again coming up with new insights into bonds. After reviewing and analyzing the financial reports published in 2021, the URA ratings for 13 bonds were confirmed. For 2 bonds (FC Schalke 04 III and Katjes III) the assessment has deteriorated. The 4th bond from Schalke 04 and the 1st bond…

In its 2021 banking study, the independent Swiss credit research institute Independent Credit View AG (I-CV) examined the global banking sector. A universe of 47 credit institutions in 16 countries – including the D-A-CH region – was scrutinized using a comprehensive analysis with a stress test. The good news is that the major international banks…

Who secures the Aaa of EIB. Liberals are not exactly popular among bankers, as they stand for competition and a market economy, where many bankers want state protection and privileges. This makes the award for Dr. Werner Hoyer, President of the European Investment Bank (EIB) as Banker of the Year, particularly noteworthy. The laudation from…

Mistreating workers is not as important as mistreating animals. Consumers play an active role in the application of ESG criteria, i.e. Environmental, Social, and corporate Governance data that refers to metrics related to intangible assets within the enterprise. A survey throws a dubious light on the values of American and German consumers. According to a…

Auditors have been making double-digit million losses for years. At Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft (EY) in Germany, “equity” is on the assets side, namely as a “deficit not covered by equity” in the amount of € 62,715,000. The provisions, liabilities, deferred income as well as deferred taxes and fiduciary obligations exceed the company’s assets…

Keynote of Prof. Dr. Joachim Wuermeling, Deutsche Bundesbank, at NPL Forum in Frankfurt am Main. “NPL dismantling” provides one of the keywords for the speech of Prof. Dr. Joachim Wuermeling, Member of the board of the Deutsche Bundesbank. In his keynote at the Frankfurt School’s NPL Forum he widens the view and takes a look…

Berlin network of politicians, raters and auditors. “Wirecard illusion factory only conceivable through political network”, is a quote from the Cicero, the German magazine for political culture. The members of the committee of inquiry have an unequivocal answer to this. The Christian Democratic Union (CDU) sees Finance Minister Olaf Scholz at the center of the…

Artec technologies AG (ISIN DE0005209589) is once again awarded an eligibility status for central banks by the Deutsche Bundesbank as part of the current creditworthiness analysis. “The credit rating is comparable to an investment grade rating from Standard & Poor’s according to the S&P’s rating scale, the credit rating for artec has been raised from…

In May 2021, the US Consumer Price Index rose 5% year-on-year (after 4.2% in April 2021). “Projected over the year,” says Dr. Thorsten Polleit, Chief Economist of Degussa Goldhandel GmbH in Frankfurt am Main, “the monthly increase was 10.1%.” The price drivers were petrol (+ 2.1% compared to the previous month) and used cars (+…

Are the French afraid of assuming losses from the German EY? After more than two decades at KPMG and half a decade at EY, Yannick de Kerhor left EY to set up a new company, Paris-based EKEM Partners. The new consultancy will team up with EOS Deal Advisory, the London firm run by two former…

Tesco and other UK grocers are affected. On June 3, 2021, the Court of Justice of the European Union (ECJ) ruled that the provisions in EU law relating to comparability between two different roles based in different establishments, but within one organisation, do apply directly to private businesses in the UK and can be advanced…

G7 Finance Ministers’ communiqué will most likely not bring any credit rating improvements for multinational corporations. “We strongly support the efforts underway through the G20/OECD Inclusive Framework”, says the Finance Ministers and Central Bank Governors of the G7’s Communiqué, “to address the tax challenges arising from globalisation and the digitalisation of the economy and to…

Mintos introduced a new lending companies evaluation model, Mintos Risk Score. At the onset of the COVID-19 pandemic, many existing investors at Mintos, one of Europe’s leading alternative investment platform for investing in loans, decided to abruptly halt or reduce their investing activity while they waited for a clearer economic outlook, writes AS Mintos Marketplace, a…

Former colleague of the later Greensill Bank Supervisory board member has left The Federal Association of German Banks (BdB) is drawing initial conclusions from the Greensill Bank‘s 3 billion euro compensation case. As the organization confirmed on request of the Börsen-Zeitung, it will analyze the structure of its auditing association and its staff with the…

Møller Mobility thrives in symbiosis with Volkswagen. Nordic Credit Rating (NCR) assigned a ‘BBB-‘ (that reads triple B minus) long-term issuer rating to Norway-based car importer and retailer Møller Mobility Group AS (Møller Mobility). The rating agency’s outlook for this credit rating is stable. At the same time NCR assigned an ‘N-1+’ (that reads N…

The two leading rating agencies in the world are among the 500 largest companies in the USA. Anyone who thinks the rating agencies industry is a marginal issue should study the Fortune 500 list. Moody’s Corporation has been named to the Fortune 500 for the first time, reflecting the strength and momentum of its strategy…

E-Cautio, a Luxembourg-based InsurTech company and provider of Platform-as-a-Service (PaaS) solutions, announced its new partnership with SCHUMANN. In the future, E-Cautio will use the CAM Surety software from SCHUMANN, the technology provider in the areas of credit and guarantee insurance. With CAM Surety, a SaaS solution, E-Cautio enables small and medium-sized companies to remain competitive…

The rating of a local rating agency does not exempt you from the responsibility to form your own judgment

Conflicts of interest have arisen again at a local rating agency in Berlin.

A skipped coupon payment is not at all typical for a bank rated “A”.

In the city parliament of Giessen, the processing of the affair about the threatened loss of financial investments at the Greensill Bank has begun.

Ernst & Young has been the focus of criticism in the Wirecard scandal since October 2020.

Conflicts of interest wherever you look.

Austria’s Financial Market Authority (FMA) warns consumers against “greenwashing” in the new edition of their consumer information series “Let’s talk about money”. “Greenwashing” means that a financial product is advertised as environmentally friendly, green or sustainable – i.e. colored green – even though it does not actually meet these standards. In this way, potential investors…

A Workshop Presented by the Institute of Directors Nigeria and AfriKairos

A Complicated Choice Between Conflicts of Interest. The rating of an independent credit rating agency is a valuable source of information also for the supervisory board of a company, especially for the supervisory board of a bank. The thoroughness of the analysis by credit rating analysts helps to understand the external view onto the company…

The Federal Financial Supervisory Authority (BaFin) filed criminal charges Against The Bank’s Board Members. The Federal Financial Supervisory Authority (BaFin) in Germany received monthly reports from Greensill Bank AG (Greensill Bank) about the bank’s balance sheet data from January 2019 on. This is evident from the answer given by Parliamentary State Secretary Sarah Ryglewski on…

Both born in the 1970s, a banker and an credit rating entrepreneur have a shared expensive passion.

STAKEHOLDERS’ WORKSHOP ON OPERATIONALIZING SUSTAINABILITY & CIRCULAR ECONOMY: MEASURING, MONITORING, REPORTING, IMPACT INVESTING, ESG RATINGS. A sustainability report provides information on an organization’s health, including economic, environmental, and social performance against set guidelines or an established framework. Over the past few decades, business performance is increasingly being approached from a multi-dimensional perspective. This is because…

In DEFAMA’s way, customers can quickly and conveniently charge their vehicle while shopping. Together with DEFAMA Deutsche Fachmarkt AG, the energy company EnBW is further expanding the fast charging infrastructure in Germany. The partners aim at letting this happen where customers need it most in everyday life: at retail locations and specialist market centers. EnBW…