- Euler Hermes Rating GmbH, subsidiary of Euler Hermes, withdraws the TRIBRating methodologies for Germany, France, Italy, Spain, Switzerland, Belgium and the Netherlands as of June 30, 2020.
- From July 1, 2020, Euler Hermes Rating will apply the established Euler Hermes Rating Issuer Rating Methodology of 31 May 2016 for the assessment of non-financial corporates.
- Euler Hermes Rating will review the ratings of the companies affected by the change of rating methodologies and will publish the results of this review at short notice.
Hamburg – June 30, 2020
Euler Hermes Rating GmbH, the registered credit rating agency (CRA), withdraws the following TRIBRating methodologies for SMEs & MidCaps as of June 30, 2020:
- SME Rating Methodology (Germany) – published since 13 June 2017
- SME Rating Methodology (France) – published since 6 December 2017
- SME Rating Methodology (Italy) – published since 3 August 2018
- SME Rating Methodology (Spain) – published since 29 September 2018
- SME Rating Methodology (Switzerland) – published since 28 August 2019
- SME Rating Methodology (Belgium) – published since 22 October 2019
- SME Rating Methodology (Netherlands) – published since 22 October 2019
Subsequently to the withdrawal of the methodologies, Euler Hermes Rating will apply the established Euler Hermes Rating Issuer Rating Methodology dated 31 May 2016 for the rating of non-financial companies.
This change of rating methodologies will affect the ratings of one company in Germany and one company in Switzerland. Euler Hermes Rating will review these two ratings and will publish the results of this review at short notice.
Euler Hermes Rating GmbH
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About Euler Hermes Rating
Euler Hermes Rating GmbH (Euler Hermes Rating) was founded in 2001 as an independent European rating agency of the Euler Hermes and Allianz Group focusing on issuer and issue ratings. Euler Hermes Rating is registered as a credit rating agency (CRA) in accordance with Regulation (EC) No 1060/2009 of the European Parliament and Council (as amended) and is considered as an external credit assessment institution (ECAI) by the European Banking Authority (EBA). Euler Hermes Rating is a subsidiary of Euler Hermes, the world leader in trade credit insurance..
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