WSE launches new joint rating agency

The Warsaw Stock Exchange (WSE), Polish Development Fund (PFR), the Credit Information Bureau (BIK) and the Institute of Analysis and Rating (IAiR) signed an investment agreement on the creation of a joint rating agency, BIK said in a press release. The new agency will primarily address its offer to the segment of small and medium enterprises. It is to launch in the second half of 2018 after being registered by the European Securities and Markets Authority (ESMA).