1.   A credit rating agency shall provide rating data reports for ratings referred to in Article 3 in the format specified in Table 1 of Annex II.

2.   For the purpose of field 12 of Table 1 of Annex II, a credit rating agency shall report a default in respect of a rating where one of the following events has occurred:

(a)	the rating indicates that a default has occurred according to the credit rating agency’s definition of default;

(b)	the rating has been withdrawn due to insolvency of the rated entity or due to debt restructuring;

(c)	any other instance in which the credit rating agency considers a rated entity or rated instrument as defaulted, materially impaired or equivalent.

3.   All reported ratings that are withdrawn during a specific reporting period shall be accorded a reason for withdrawal under field 11 of Table 1 of Annex II. Ratings that were withdrawn before 7 September 2010 may be entered in the category ‘end of rating due to other reasons’.