Regulatory Alerts2008-02-05 | CBFA_2008_04Added · Updated
Communication CBFA_2008_04: Recognition of External Credit Assessment Institutions (ECAIs)
The CBFA recognizes the Banque de France as an eligible External Credit Assessment Institution (ECAI) for commercial entities under the standard approach for long-term exposures, authorizing the use of its unsolicited ratings. A specific mapping table is established to associate Banque de France ratings with Credit Quality Steps (CQS) 1 through 6, applicable to listed companies with accounting and financial documentation. Entities with a credit rating of 'X0' are assigned a risk weight of 100%.