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Creditreform loses bid to challenge rating-system downgrade

( October 8, 2019, 15:17 GMT | Official Statement) -- MLex Summary: Germany's Creditreform has failed in an attempt to halt a downgrade of its credit-rating system, after the body that hears cases challenging European financial supervisory decisions ruled the appeal inadmissible. A 2019 proposal to change how the Creditreform system mapped onto other agencies' ratings merely constituted advice to the European Commission, the joint board of appeal of the European Supervisory Authorities said.ESA's Joint Board of Appeal decides on appeal against the EBA[Image]Related documents:...

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