Home Technical Standards 2012 | Commission Delegated Regulation (EU) No 447/2012 Article 6 Assessing that a credit rating methodology is continuous
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Article 6 Assessing that a credit rating methodology is continuous

Article 6 Assessing that a credit rating methodology is continuous

01/01/2021EU

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.