FCA Handbook - ANNEX I Correspondence of Probability of default ( PD ) to Credit quality steps for the purposes of Articles 6 and 7

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EU Legislation

ANNEX I Correspondence of Probability of default ( PD ) to Credit quality steps for the purposes of Articles 6 and 7

01/01/2021EU

An internal rating with a PD equal to or lower than the value in Table 1 shall be associated to the corresponding credit quality step.

Table 1

Credit Quality Step	Probability of default, as defined in Article 4(54) of Regulation (EU) 575/2013 lower than or equal to:
1	0,10 %
2	0,25 %
3	1 %
4	7,5 %