Source: https://www.global-regulation.com/translation/austria/2995858/crr-mappingverordnung-crr-mappingv.html
Timestamp: 2020-08-11 21:16:32
Document Index: 772156522

Matched Legal Cases: ['§ 103', '§ 1', '§ 2', '§ 3', '§ 4', '§ 5']

Machine Translation of "Crr-Mappingverordnung-Crr-Mappingv" (Austria)
Crr-Mappingverordnung-Crr-Mappingv
Original Language Title: CRR-Mappingverordnung – CRR-MappingV
382 regulation of the financial market authority (FMA) on the assignment of ratings of recognised rating agencies to creditworthiness levels (CRR-Mappingverordnung-CRR-MappingV)
On the basis of § 103q Z 5 of the law on banking - Banking Act, Federal Law Gazette No. 532/1993, as last amended by the Federal Act Federal Law Gazette I no. 184/2013, is prescribed:
Assignment of ratings to creditworthiness levels
§ 1. The Association of awarded by recognized rating agencies and in accordance with articles 4 and 5 of Regulation (EC) No 1060/2009 on credit rating agencies, OJ No. L 302 of 17.11.2009 S. 1, use ratings to creditworthiness levels within the exposure classes referred to in article 109 and 112 of Regulation (EU) No. 575/2013 on supervision requirements for credit institutions and investment firms and for amending the Regulation (EU) No. 646/2012, OJ L 176 of the 27.06.2013 p. 1, is to make the tables in paragraphs 2 to 5.
§ 2. You are from Fitch Ratings of assigned ratings to assign the credit quality steps within the exposure classes referred to in article 109 and 112 of Regulation (EU) No. 575/2013 as follows:
1. long-term ratings for claims within the exposure classes referred to in article 112 of Regulation (EU) No. 575/2013:
A + to A-
BBB + to BBB
BB + to BB
B + to B-
CCC + and below
2. short-term ratings for claims within the exposure classes referred to in article 112 of Regulation (EU) No. 575/2013:
F1 + to F1
Lower than F3
3. short-term ratings for claims within the exposure class referred to in article 112 lit. m of Regulation (EU) No. 575/2013 (standardised approach to credit risk):
All other credit ratings
4. long-term ratings for claims within the exposure class referred to in article 112 lit. m of Regulation (EU) No. 575/2013 (standardised approach to credit risk):
B + and low
5. long-term ratings for claims within the exposure class referred to in article 147 paragraph 2 lit. f of the Regulation (EU) No. 575/2013 (Ratingbasierter approach):
Lower than BB
6 short-term ratings for claims within the exposure class referred to in article 147 paragraph 2 lit. f of the Regulation (EU) No. 575/2013 (Ratingbasierter approach)
7 ratings for claims within the exposure class referred to in article 112 lit. o of Regulation (EU) No. 575/2013:
§ 3. Are's Investors Service Ltd. awarded ratings by Moody to associate the credit quality steps within the exposure classes referred to in article 109 and 112 of Regulation (EU) No. 575/2013 as follows:
B1 and low
Lower than Ba3
6 short-term ratings for claims within the exposure class referred to in article 147 paragraph 2 lit. f of the Regulation (EU) No. 575/2013 (Ratingbasierter approach):
All short-term credit ratings that are lower than A3, P3 and F3
§ 4. Which awarded ratings are by standard & poor to associate the credit quality steps within the exposure classes referred to in article 109 and 112 of Regulation (EU) No. 575/2013 as follows:
A-1 +, A-1
All short-term credit ratings that are lower than A-3
Short-term ratings for claims within the exposure class referred to in article 112 lit. m of Regulation (EU) No. 575/2013 (standardised approach to credit risk):
All short-term credit ratings that are lower than
5. long-term ratings for claims within the exposure class article 147 paragraph 2 lit. f of the Regulation (EU) No. 575/2013 (Ratingbasierter approach):
7 ratings for claims within the exposure class referred to in article 112 lit. o of Regulation (EU) No. 575/2013 BWG:
S & P principal Stability Fund
AAA AA-m m
A + m A m
BBB + m to BBB-m
BB + BB-m m
B + m to B-m
CCC + m and below
S & P Fund credit quality
AAA to AA f f
A + f to A-f
BBB + f to BBB-f
BB + f to BB-f
B + f to B-f
CCC + f and low
§ 5. The Dominion Bond ratings services of awarded ratings are to assign the credit quality steps within the exposure classes referred to in article 109 and 112 of Regulation (EU) No. 575/2013 as follows:
R-1 (high), R-1 (middle), R-1 (low)
R-2 (high), R-2 (middle) and R-2 (low)
R-1 (high), R-1 (middle), R1 (low)
R-2 (high), R-2 (middle), R-2 (low)
BRA and low
Lower than BBL
6. (1) this regulation with 1 January 2014 into force.
(2) the regulation of the financial market authority (FMA) on the assignment of ratings of recognised rating agencies to creditworthiness levels (Mappingverordnung), BGBl. II No 113/2007, as last amended by Federal Law Gazette II No. 461/2011, occurs at the end of 31 December 2013 override.
2016 Commission Implementing Regulation (EU) 2016/1800 of 11 October 2016 laying down implementing technical standards with regard to the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps
2016 Commission Implementing Regulation (EU) 2016/1799 of 7 October 2016 laying down implementing technical standards with regard to the mapping of credit assessments of external credit assessment institutions for credit risk in accordance with Articles 136(1)
2016 Commission Implementing Regulation (EU) 2016/1801 of 11 October 2016 on laying down implementing technical standards with regard to the mapping of credit assessments of external credit assessment institutions for securitisation in accordance with Regulati
Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2008 - ARS 112.1 - Standardised Credit Risk - On-balance Sheet Assets
Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2011 - ARS 110.0 - Capital Adequacy
2014 Removal of Certain References to Credit Ratings Under the Investment Company Act
2006 Disclosure Regulation - Oa