Article 6
Assessing that a credit rating methodology is continuous
A credit rating agency shall use credit rating methodologies shall that are designed and implemented in a way that enables them to:
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(a) |
continue to be used unless there is an objective reason for the credit rating methodology to change or be discontinued; |
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(b) |
be capable of promptly incorporating any finding from ongoing monitoring or a review, in particular where changes in structural macroeconomic or financial market conditions would be capable of affecting credit ratings produced by that methodology; |
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(c) |
compare credit ratings across different asset classes. |