Source: European Union 2 Published on: 2026-07-07
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has fined Moody’s Deutschland GmbH (Moody’s Germany) a total of EUR 2,145,000, for committing four breaches of the Credit Rating Agencies Regulation (CRA Regulation), and issued a public notice.
Verena Ross, ESMA’s Chair said:
The errors affected only data submitted by Moody’s Germany to ESMA (including when acting on behalf of other CRAs within its group) and published on ESMA’s central platform. They did not affect the credit ratings published on Moody’s Germany’s website. However, complete and accurate reporting under the CRA Regulation is key to enabling ESMA to fulfil its statutory objectives, protect investors and foster the orderly functioning of financial markets.
ESMA also identified deficiencies in Moody’s Germany’s regulatory reporting framework, including its policies, procedures and internal control mechanisms.
The breaches were found to have resulted from negligence on the part of Moody’s Germany. In calculating the fine, ESMA considered both aggravating and mitigating factors provided in the CRA Regulation.
Further information:
Communications Officer
press@esma.europa.eu
The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) welcome and support
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published its
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its