On October 12th, 2016, three Implementing regulations on the mapping of credit ratings were published in the Official Journal of the European Union. These Implementing regulations cover a total of 26 External Credit Assessment Institutions (“ECAIs”) and provide the mapping of rating scales used by Credit Rating Agencies with the credit quality steps defined under the capital requirements for banks and insurances.
We have compiled a “User Handbook” covering all three implementing regulations and all 26 ECAIs. The Handbook contains all mappings available for each ECAI. Additionally, the Handbook gives a cross-agency overview and outlines the references to ECAI in the capital requirements regulations and Solvency II.
If you wish to receive a copy of this handbook, kindly send us a mail. You shall be added to our mailing list.
