On 20 December 2023, the European Securities and Markets Authority published the 2023 edition of its CRA Market Share Report. The market share calculation is required to be published by ESMA on an annual basis in accordance with Article 8d(2) of the Regulation on credit rating agencies (CRAs). Its purpose is to assist issuers or related third parties in their identification of CRAs with a total market share of less than 10%.