European Association of Credit Rating Agencies (EACRA) appoints Rémy Estran-Fraioli (EthiFinance) as its new president

"This mandate honors and commits me," declared Rémy Estran-Fraioli. "This new board is representative of the plurality of rating agencies, with varied business models, specialists and generalists, present globally or focused on specific markets or locations. Although diverse, we simultaneously share common issues and challenges, as well as joint commitments and solutions. Our plurality is a strength in tackling common challenges and issues," he added.

Founder and former president of the association, Thomas Missong, welcomes the handover. "Having created the association nearly 14 years ago, I am delighted to welcome the new board members and look forward to continuing to work under their leadership to improve the cooperation and visibility of rating agencies in Europe." he emphasized.

Rémy Estran-Fraioli, 35 years old

Managing Director of EthiFinance's Credit Ratings, Analysis and Research division, Rémy is an expert in financial and extra-financial risk modeling and management. He holds a PhD in management science from the University of Paris 1 Panthéon-Sorbonne and ESCP Business School, and is the author of several academic and professional articles in the fields of risk management and asset management.

About EACRA

A platform for cooperation between european credit rating agencies, EACRA was created in 2009 in Paris. Its mission is to promote credit ratings throughout Europe and to defend the interests of European rating agencies. EACRA strives to foster transparency, develop common standards and improve understanding of credit ratings within the financial community and the general public. Its nine current active members are : AM Best, Assekurata Ratings, Capital Intelligence, Cerved Rating Agency, Creditreform Rating, EthiFinance Ratings, Fedafin, JCR Eurasia Rating, Nordic Credit Rating. http://eacra.eu/