www.ecb.europa.eu
November 2023
1 December 2023
Market operations
Acceptance of Scope Ratings GmbH as external credit assessment institution (ECAI)
On 2 November 2023 the Governing Council approved the acceptance of Scope Ratings GmbH as an ECAI for the purposes of the Eurosystem credit assessment framework, following an in-depth technical assessment by the relevant Eurosystem and European System of Central Banks (ESCB) committees, in particular the Risk Management Committee (RMC), in line with the Eurosystem application process and acceptance criteria. The Governing Council also approved the eligibility of Scope Ratings’ ABS ratings for Eurosystem monetary policy operations purposes once compliance with the Eurosystem disclosure requirements has been established. The process of integrating Scope Ratings into the Eurosystem IT infrastructure was initiated immediately and is likely to take several months. A related press release is available on the ECB’s website.