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:

  1. (a)

    continue to be used unless there is an objective reason for the credit rating methodology to change or be discontinued;

  2. (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;

  3. (c)

    compare credit ratings across different asset classes.