Scope Ratings won approval from the European Central Bank to join the select club of companies whose credit assessments it accepts in its collateral framework. Analysis by the Berlin-based organization will now be eligible along with four longstanding rivals: DBRS Morningstar, Fitch Ratings, Moody’s Investors Service and S&P Global, according to a statement released Friday in Frankfurt. “This decision follows a thorough Eurosystem assessment of the application submitted by Scope Ratings,” the ECB said. The “go-live” of its assessments for monetary-policy purposes will be announced at a later stage. The change, ... (full story)