Regulatory Alerts2024-07-22
Added · Updated
Commission Implementing Regulation (EU) 2016/1800 laying down implementing technical standards with regard to the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps
The regulation establishes the allocation of credit assessments from external credit assessment institutions to an objective scale of credit quality steps ranging from 0 to 6. It mandates that specific rating scales issued by designated institutions, such as A.M. Best, Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings, be mapped to these steps as detailed in the Annex. This requirement applies to all Member States and is directly applicable within the European Union.
Topics
Share