Credit Ratings and ESG Ratings in the European Union

Abstract

Over time, credit ratings have gained a major role in the financial market, influencing various financial aspects. For businesses, a good credit rating can indicate financial stability to investors, suppliers, and customers. This can increase the business's reputation and bring new opportunities for growth. However, in the current global context, environment, social aspects, as well as governance policies become essential for global decision-making, but also for financial markets. This article aims to present the importance of ESG ratingsfor companies.

Keywords

• credit rating
• cras
• esg rating