Article 12 | Implementing Regulation 2016/1799

Article 12 - Estimate provided by the ECAI of the long run default rate associated with all items assigned the same rating category

Article 12

Estimate provided by the ECAI of the long run default rate associated with all items assigned the same rating category

The estimate provided by the ECAI of the long run default rate associated with all items assigned the same rating category shall be taken into account for the purpose of the mapping as long as it has been adequately justified.

TITLE I - QUANTITATIVE FACTORS, QUALITATIVE FACTORS AND BENCHMARK (Article 1-15)

CHAPTER 1 - Quantitative factors (Article 1-6)

CHAPTER 2 - Qualitative factors (Article 7-13)Article 7 - Qualitative factors of the mapping of a rating category Article 8 - Definition of default used by the ECAI Article 9 - Time horizon of a rating category Article 10 - Meaning and relative position of a rating category Article 11 - Creditworthiness of items assigned the same rating category Article 12 - Estimate provided by the ECAI of the long run default rate associated with all items assigned the same rating category Article 13 - Internal mapping of a rating category established by the ECAI

CHAPTER 3 - Benchmark and related references (Article 14-15)

TITLE II - MAPPING TABLES (Article 16)

TITLE III - FINAL PROVISION (Article 17)

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Article 12 - Estimate provided by the ECAI of the long run default rate associated with all items assigned the same rating category

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