EY to prepare methodology for WSE’s ratings institute

Consultancy EY is preparing the rating criteria and methodology for the Analysis and Ratings Institute of the Warsaw Stock Exchange, according to sources quoted by the Polish Press Agency (PAP). EY was chosen in a procurement procedure, a source close to the matter told PAP. Another source confirmed the news and said that the next step for the WSE will be to ask for approval for the institute from the European Securities and Markets Authority. The sources were however unable to state the time frame of these steps. The WSE announced the opening of the institute in June this year. Its goal is to increase the credibility and transparency of non-treasury debt securities.