Nov 13, 2023 · In the amended ITS published today the ESAs are proposing to change the credit quality step (CQS) allocation for four ECAIs, and to introduce new or amended credit rating scales for seven ECAIs. Further, the amended ITS no longer contain mapping tables for the three ECAIs, whose licenses have been revoked since the previous amendment.

Jan 13, 2017 · The seven CQS are required by Article 3 of the Commission Delegated Regulation (EU) 2015/35, supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).

The mapping for CIUs is the same as the mapping for long-term fundamental credit ratings.

changes in the allocation of credit quality steps (CQS) due to an updated assessment of risk in line with the EBA methodology based on additional information collected since the last amendment was produced, ii) assignment of mappings for newly introduced or replaced credit rating scales by existing

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today two amended Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk.

In the amended ITS, the European Supervisory Authorities are proposing to change the credit quality step (CQS) allocation for four ECAIs, and to introduce new or amended credit rating scales for seven ECAIs.

The quantitative factors are representative of the final CQS. Some rated items have been removed from the pool because they were not considered representative.

proposed credit quality steps for these rating categories CQS 2, CQS 5 and CQS 6 are respectively. • A and BBB: the number of rated items in these categories is sufficient to justify the credit quality step associated with the A, BBB, BB and B rating categories in the international rating scale, CQS 2 and CQS 3 respectively.

Nov 13, 2023 · In the amended ITS the ESAs are proposing to change the credit quality step (CQS) allocation for four ECAIs, and to introduce new or amended credit rating scales for seven ECAIs. Further, the amended ITS no longer contain mapping tables for the three ECAIs, whose licenses have been revoked since the previous amendment.

Oct 6, 2021 · In particular, the ESAs propose to change the Credit Quality Step (CQS) allocation for two ECAIs, and to introduce new credit rating scales for nine ECAIs.