{"id":77816,"date":"2019-02-26T00:07:11","date_gmt":"2019-02-25T23:07:11","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/qivalio-first-european-integrated-rating-agency\/"},"modified":"2019-02-26T00:07:11","modified_gmt":"2019-02-25T23:07:11","slug":"qivalio-first-european-integrated-rating-agency","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/qivalio-first-european-integrated-rating-agency\/","title":{"rendered":"Qivalio: First European integrated rating agency"},"content":{"rendered":"

Strong\tcommercial\tdevelopment\tdriven\tby\tthe\tmarket\tand\tthe\tregulatory\tenvironment<\/strong><\/p>\n

In\tMarch\t2017,\tSpread\tResearch,\ta\tFrench\tcredit\trating\tagency\tregistered\twith ESMA,\tand\tEthiFinance,\ta
\nsustainability rating\tagency\tbehind\tGa\u00efa\tRating,\tcame\ttogether\tto\tcreate\tthe\tfirst\tintegrated\tEuropean
\nfinancial\tand\tsustainability agency.\tThis\tinnovative\tand\tambitious\tproject\treceived\tin\tthe\tsummer\tof\t2017
\nthe\tfinancial\tsupport\tof\tinstitutional\tinvestors\t(AG2R\tLa\tMondiale,\tApicil,\tBpiFrance,\tEiffel\tInvestment
\nGroup,\tGroupama\tRh\u00f4ne-Alpes\tAuvergne,\tKl\u00e9sia,\tSiparex\tand\tSMABTP),\twhich\tbecame\tits reference
\nshareholders. In\tthe\ttwo\tyears since,\tthe\tgroup\thas brought\ttogether\tand\tstrengthened\tits teams,
\nharmonized\tits procedures\tand\tdeveloped\tits commercial\toffer.\tBased in\tParis,\tLyon\tand\tLondon,\tthe\tnew
\nagency\tnow\thas\t40 employees\tand\tmonitors\tmore\tthan\t1,000\tEuropean\tcompanies.<\/p>\n

The\tagency\trecorded\tan\tincrease\tin\tits\t2018\tturnover\tof\t25%\tthanks\tto\tstrong\texpansion\tof\tthe\tnumber\tof
\ncompanies\tanalyzed,\tnow\tspread\tover\tNorthern\tEurope\t(30%),\tSouthern\tEurope\t(30%),\tand\tFrance\t(40%).
\nThis\tstrong development\tis\tthe\tresult\tof\tgrowing demand\tfor\tissuers\trating\tand\tsubscriptions dedicated\tto
\nEuropean\tinvestors.<\/p>\n

In\ta\tmarket\twith\tmore\tand\tmore diversified\tinstruments,\twith\trequests\tfor\tflexible\tand\tcompetitive
\nfinancing\tsuch\tas\tNEU\tCP,\tSpread\tResearch\thas\tdelivered short-term\tratings\tfor\thigh-profile\tcorporates\tsuch
\nas\tBellon,\tClarins,\tFimalac,\tSonepar\tand\tSodexo.<\/p>\n

Impact\tloans,\twhich\tenhance\tbank\tcredit\tterms\tbased\ton\tthe\tborrower’s\tESG\t(environment,\tsocial\tand
\ngovernance)\tperformance,\thave\ttaken\ttheir\tfirst\tsteps.\tIn\tJuly\t2018,\tEthiFinance\taccompanied\tS\u00e9ch\u00e9
\nEnvironnement\tand\ta\tpool\tof\tbanks\ton\tthe\toccasion\tof\tsuch\ta\tloan.\tOn\tthe\tmunicipalities\u2019\tside,\tEthiFinance
\nissued\ta\tSecond\tOpinion\ton\ta\tfunding\tprogram\tfor\tthe\tEure\tdepartment\tfor\tprojects\twith\tenvironmental
\nand\tsocial\timpacts.<\/p>\n

In\ta\tcontext\tof\tsharply\tdeclining\tresearch\tsupply\tat\tthe\tEuropean\tlevel,\tfollowing\tthe\tentry\tinto\tforce\tof\tthe
\nMiFID\tII\tDirective,\tSpread\tResearch\tstrengthened\tits\tposition\tas\tthe\tleading\tprovider\tof\tindependent\tcredit
\nresearch\ton\tnearly\t200\tcompanies\taimed\tat\tEuropean\tinvestors.\tIn\t2018,\tthe\tmajor\tprofessional\tmedia
\nfrequently\tquoted\tSpread\tResearch among\tthe\tbest\tglobal credit\tresearch providers.\tAt\tthe\tsame\ttime,
\nEthiFinance rose\tto\t4th\tplace\tin\tthe\tSME\tcategory\tin\tthe\tExtel\tranking\tout\tof\ta\ttotal\tof\t17\tsustainability
\nagencies.<\/p>\n

The\tagency anticipates\tcontinued\tstrong\tgrowth\tfor\tits\tservices\tin\t2019\twith\tincreased\tdemand\tfor\tthe
\nrecently released\tcombined\tanalysis.\tThe\tmarket\tis\tnow\tconvinced\tof\tthe\tneed\tfor\tESG\tcriteria\tin\tcredit
\nanalysis\tand\tloan\tconditions\tgranted\tby\tbanks.\tThis\tsituation\tis\treinforced,\tat\tthe\tEuropean\tlevel, by\tthe
\nprojects\tof\tthe\tEuropean\tCommission and,\tin\tFrance,\tby the\tenergy\ttransition\tand\tthe\tPACTE laws,\twhich
\ntogether\tposition\tthe\tEuropean\tcontinent\tas\ta\tforerunner\tin\tthis\tarea.<\/p>\n

Reaffirmed\tambitions,\tstrengthened\tcapital,\tand\tnew\tidentity<\/strong><\/p>\n

On\tthe\tstrength\tof\tthese\tgood\tperformances,\tthe\tagency\tdecided\tto\taccelerate\tits\tdevelopment\tin\tEurope
\nby\tstrengthening\tits\ttalent\tpool\tand\tinvesting\tin\tnew\ttechnology.\tThe\tgroup\thas\treceived\tfull\tsupport\tfrom
\nits\tkey\tshareholders,\tnow\tjoined\tby\tAviva.\tA\tcapital\tincrease\tof\t\u20ac\t3\tmillion,\twhich\thas\tjust\tbeen\tcompleted,
\nwill\tsoon\tbe\tcomplemented\tby\ta\tsecond\ttransaction\twith\tnew\tinstitutional\tshareholders.<\/p>\n

Phalla\t Gervais,\t CFO\t and\t Deputy\t CEO\t of\t Aviva\t France,\t said:\t \u00ab Integrating\t ESG\t factors\t is\t core\t to\t our
\ninvestment\tstrategy.\tOur\tsupport for the\tdevelopment\tof\tSpread\tResearch\taims\tto\tpromote\tthe\tintegration
\nof\tESG\tcriteria\tin financing\ttools\tfor\tcorporates\tin\tEurope. \u00bb<\/em><\/p>\n

To\taccompany\tthe\ttransformation\tand\tinternational\tdevelopment\tof\tthe\tgroup,\tits\tleaders\thave\tdecided\tto
\nchoose a\tnew\tname:\tQivalio.\tThis\tumbrella\tbrand\twill\tcover\tthe\tgroup’s\tfour\tactivities\tcovering financial
\nanalysis\t(Spread\tResearch\tand\tSpread\tRatings)\tand\tsustainability\tanalysis (EthiFinance\tand\tGaia\tRatings).\tIt
\nreflects\tthe\tvision,\tvalues\tand\texpertise\tof\tthe\tgroup\tat\tthe\tinternational\tlevel.<\/p>\n

Julien\tR\u00e9rolle,\tChief\tExecutive\tOfficer of\tSpread\tResearch,\tsaid:\t“Our\tdynamic\tdevelopment\tand\tthe
\nresponse\tof\tthe\tmarket\tand\tregulators\tconfirm\tthe\tvalidity\tof\tour\tstrategic\tchoices\tand\tour\tunique
\npositioning\tin\tEurope.\tIn\tparticular,\tI\twould\tlike\tto\twarmly\tcongratulate\tall\tthe\tteams\tfor\ttheir\tcommitment
\nand\tthe\twork\taccomplished\tin\tthis\tperiod\tof\tstrong\tgrowth.”<\/em><\/p>\n

Emmanuel\tde\tLa\tVille,\tChief\tExecutive\tOfficer\tof\tEthiFinance,\tsaid:\t“The\tdevelopment\tof\tcommercial
\nsynergies\tand the\tlevel\tof\tinnovation\tabove\tour\texpectations\tare\tthe\tresult\tof\tthe\tjoint\twork\tof\tour\tteams
\nand\tI\twould\tlike\tto\tthank\tthem.\tWe\twill\tcontinue\tto\tinvest\tin\tservices,\tsystems\tand\tmethods\tto\tbetter\tserve
\nour\tclients\twith\twhom\twe\tdevelop\tlong-term\tpartnerships.”<\/em><\/p>\n

Sylvain\tde\tForges,\tChairman\tof\tthe\tSupervisory\tBoard\tof\tQivalio,\tsaid:\t“In\tthe\tcurrent\tvolatile\tEuropean
\ncontext,\twe\thave\tthe\topportunity\tto\tactively\tparticipate\tin\tthe\tstructuring\tof\ta\trenewed\tEuropean\tcapital
\nmarket\tand\tto\tstrength\tthe\ttools\tthat\twill\taccelerate\tsustainable\tfinancing\tand\tthe\tdevelopment\tof\tits\tvery
\nlarge pool of\tcompanies\tand\tentrepreneurs.”<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Two\t years\t after\t announcing\t its\t creation with\t the\t support\t of\tseveral French\t institutional\t investors,\t the
\nagency\tresulting\tfrom\tthe\tcombination\tof\tSpread\tResearch\tand\tEthiFinance\thas\ttaken\tanother\timportant
\nstep\t in\t its\t development\t as the\t leading\t European\t agency\t for\t integrated\t financial\t and\t sustainability
\nanalysis. This\tinvolves\tan\texpansion\tof\tthe\tgroup\tof\tinstitutional\tbackers\tand\ta\trebranding\tof\tthe\tgroup\u2019s
\nservices.\t<\/p>\n","protected":false},"author":20,"featured_media":77814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[1655,1849,1671,1826,1682,1651,2094,2007,1453,1803,1685],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/77816"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=77816"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/77816\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/77814"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=77816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=77816"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=77816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}