GBB-Rating – History
GBB-Rating is a rating agency with special expertise in the financial services sector. It was founded in 1996 by Prüfungsverband deutscher Banken e.V. (Auditing Association of German Banks) for its present purpose, namely to assess the credit rating of companies, primarily those that engage in the financial services segment. Apart from rating financial institutions, building societies and leasing companies, GBB-Rating also undertakes ratings for small and medium-sized enterprises (SMEs) in other sectors.
Under the umbrella of the Auditing Association of German Banks, GBB-Rating has been operating as an independent rating agency since 1996, annually assessing more than 200 private commercial banks and producing rating analyses for the Deposit Protection Fund of the Association of German Banks, and thus making a significant contribution to the stability of our banking system.
Since 2004 GBB-Rating has been performing ratings for building societies, leasing companies and small and medium-sized enterprises in other sectors as well.
GBB-Rating was recognized by the European Securities and Markets Authority (ESMA) in 2011 and registered as a European rating agency pursuant to Regulation (EC) No. 1060/2009 on August 27, 2011.
Since 2012 GBB-Rating has been authorized to calculate the contributions payable to the German banks' compensation scheme, Entschädigungseinrichtung deutscher Banken (EdB), pursuant to the contribution regulations of December 12, 2011.