Spread Research

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Spread Research SAS is a French credit rating agency and independent credit research company.[1]

The company was founded in 2004 and in 2013 became the first French credit rating agency to be authorised.[2][3][4][5] The company is based in Lyon, France,[4][5] and has a presence in London[4] and Paris.[2] Spread Research has been certified as credit rating agency by the European Securities and Markets Authority (ESMA) since mid-2013,[2][5] allowing the company to operate in Europe.[3]

As of 2013, the company had 15 employees.[2] In France, until 2013, only the branches of Standard and Poor's, Moody's and Fitch Ratings were certified by the ESMA.[3][5] Spread Research operates under an investor-pays model, rather than being paid by rated companies.[3][4][5]

Spread Research has been awarded "Top 5 Best Credit Research" by Credit Magazine in 2010.[6][verification needed]


  1. ^ "ESMA approves Spread Research as a credit rating agency". ESMA. 1 July 2013. Archived from the original on 22 June 2015. Retrieved 9 September 2015.
  2. ^ a b c d V., F. (3 September 2013). "Spread Research devient la première agence française de notation financière" [Spread Research becomes the first French credit rating agency]. Le Progrès (in French). Retrieved 9 September 2015.
  3. ^ a b c d "Feu vert pour l'agence de notation française Spread Research" [Green light for the French rating agency Spread Research]. L'Express (in French). 1 July 2013. Retrieved 9 September 2015.
  4. ^ a b c d Dolbeau, Steven (25 September 2013). "Interview : Julien Rerolle, président-fondateur de Spread Research" [Interview : Julien Rerolle, president-founder of Spread Research]. Bref Rhône-Alpes n° 2132 (in French). Retrieved 9 September 2015.
  5. ^ a b c d e "Une agence de notation française agréée en Europe" [A French rating agency certified in Europe]. Challenges (with AFP) (in French). 1 July 2013. Retrieved 9 September 2015.
  6. ^ "Credit Awards 2010", Credit Magazine, July/August 2010, page 73

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