Document ID: chunk:federal_register_of_legislation:F2024L01053:front:0:p34
Version: federal_register_of_legislation:F2024L01053
Segment Type: other
Provision Reference: 
Character Range: 91801–92376

that have not been rated using methods approved by APRA must be assigned a counterparty grade of 5.
 1.              Publicly rated assets are assigned a counterparty grade based on Table 1 and Table 2. The short-term ratings in Table 1 are typically used for assets with original term to maturity of not more than 13 months. For other assets the long-term ratings in Table 2 apply. The credit ratings in Table 1 and Table 2 include structured finance ratings with the (sf) indicator.
    Table 1: Short-term ratings
Grade  S&P Global  Moody's                  AM Best  Fitch