The European Securities and Markets Authority (ESMA) has issued today a statement which sets out the implications for credit rating agencies (CRAs) based in the United Kingdom (UK), including the endorsement of UK credit ratings, should the UK withdraw from the European Union (EU) without a withdrawal agreement (no-deal Brexit).

The statement follows ESMA’s earlier statement of 9 November 2018.

Source: ESMA

Read: Endorsement of credit ratings from the EU into the UK for regulatory use in the event of a no-deal Brexit