Regulatory Alerts2007-09-10
Added · Updated
CBFA/ Recognition of External Credit Assessment Institutions (ECAIs)
The CBFA recognizes the Japan Credit Rating Agency (JCR) as an eligible External Credit Assessment Institution for commercial entities under the standard approach for long-term exposures. The regulator authorizes the use of unsolicited ratings from JCR and maps its credit ratings to specific credit quality steps, ranging from AAA/AA- to CCC or lower.