RATINGTICKER
Source Issuer Rating
AA_DE Verband öffent.. A+
AA_DE DELA Coöperati.. A
AA_DE Generali Deutsc.. A
AA_DE PrismaLife AG BBB+
AA_DE RheinLand Versi.. A+
NEWS
RP - 2021-01-05
Site updated to reflect final BREXIT

RP - 2020-12-31
2021 Global Sovereign Ratings Review calendar

RP - 2020-12-16
ESMA publishes EU rating agencies market shares report

ADS

Export Credit Agencies (“ECA”)

Legal Background

Whereas credit assessments from Export Credit Agencies (“ECA”) are not covered by the CRA regulation, the directive 2006/48/EC of the European Parliament and of the Council of 14 June 2006 relating to the taking up and pursuit of the business of credit institutions in its Annex VI Part 1 point 1.3 provides for the possibility to use credit assessments from ECAs

  • if it is a consensus risk score from ECAs participating in the OECD “Arrangement on Guidelines for Officially Supported Export Credits” or if
  • the ECA publishes its credit assessments using the eight minimum export insurance premiums (“MEIP”) that the OECD agreed methodology establishes. 

Indicative mapping

The MEIP may be mapped into risk weights:

Mapping of MEIPs into credit quality steps

The mapping into the 6 credit quality steps was derived by using table 1 in the Annex VI Part 1 point 1.1 of directive 2006/48/EC). Please note that these mappings are only of indicative nature.

For further information on the OECD Arrangement please consult our section on "Sovereign Assessments from Export Credit Agencies". 

At OECD’s website, you may also find the current minimum Country risk classification:http://www.oecd.org/document/49/0,3746,en_2649_34169_1901105_1_1_1_1,00.html