On July 10, 2015, the European Securities and Markets Authority approved the registration of modeFinance S.r.l., as a credit rating agency under the Credit Rating Agencies Regulation. ModeFinance is based in Italy, and its credit ratings may now be used for regulatory purposes within the European Union.

The ESMA press release is available at: http://www.esma.europa.eu/news/ESMA-registers-modeFinance-credit-rating-agency?t=326&o=home