ESMA has registered Rating-Agentur Expert RA GmbH as a credit rating agency (CRA) under Regulation (EC) No 1060/2009 (the CRA Regulation). Rating-Agentur Expert RA GmbH is based in Germany, issuing solicited credit ratings on financial institutions, insurance undertakings and non-financial corporates as well as public finance. In addition, the CRA also issues unsolicited sovereign ratings. This brings the total number of CRAs registered in the EU to 26.