The European Securities and Markets Authority (ESMA) has formally approved the certification in the European Union of Kroll Bond Rating Agency Inc. (KBRA) under Article 16 of the CRA Regulation. The certification takes effect from 20 March 2013.

KBRA is headquartered in the United States of America (USA) and is subject to registration, supervision and enforcement by the US Securities Exchange Commission. It is the first CRA from the USA to be certified following the European Commission’s recognition...

Read Public Statement by ESMA