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9.

Credibility shall be assessed by competent authorities according to factors such as the following: market share of the ECAI; revenues generated by the ECAI, and more in general financial resources of the ECAI; whether there is any pricing on the basis of the rating; and at least two credit institutions use the ECAI's individual credit assessment for bond issuing and/or assessing credit risks.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.