Crr-Mappingverordnung-Crr-Mappingv

Original Language Title: CRR-Mappingverordnung – CRR-MappingV

Read the untranslated law here: https://www.global-regulation.com/law/austria/2995858/crr-mappingverordnung--crr-mappingv.html

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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.

Fitch Ratings

§ 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:



Credit quality step





1





2





3





4





5





6







Rating





AAA to AA





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:



Credit quality step





1





2





3





4





5





6







Rating





F1 + to F1





F2





F3





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):



Credit quality step





1





2





3





All other credit ratings







Rating





F1 + to F1





F2





F3





Lower than F3





 



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):



Credit quality step





1





2





3





4





5 and below







Rating





AAA to AA





A + to A-





BBB + to BBB





BB + to BB





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):



Credit quality step





1





2





3





4





5





6





7





8





9





10





11





Under 11







Rating





AAA





AA





A +





A





A-





BBB +





BBB





BBB





BB +





BB





BB





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)



Credit quality step





1





2





3





All other credit ratings







Rating





F1 + to F1





F2





F3





Lower than F3





 



7 ratings for claims within the exposure class referred to in article 112 lit. o of Regulation (EU) No. 575/2013:



Credit quality step





1





2





3





4





5





6







Rating





AAA to AA





A + to A-





BBB + to BBB





BB + to BB





B + to B-





CCC + and below





 

Moody's Investors Service Ltd

§ 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:



1. long-term ratings for claims within the exposure classes referred to in article 112 of Regulation (EU) No. 575/2013:



Credit quality step





1





2





3





4





5





6







Rating





AAA to Aa3





A1 to A3





Baa1 to Baa3





BA1 to Ba3





B1 to B3





Caa1 and below





 



2. short-term ratings for claims within the exposure classes referred to in article 112 of Regulation (EU) No. 575/2013:



Credit quality step





1





2





3





4





5





6







Rating





P-1





P-2





P-3





NP





---





---





 



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):



Credit quality step





1





2





3





All other credit ratings







Rating





P-1





P-2





P-3





NP





 



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):



Credit quality step





1





2





3





4





5 and below







Rating





AAA to Aa3





A1 to A3





Baa1 to Baa3





BA1 to Ba3





B1 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):



Credit quality step





1





2





3





4





5





6





7





8





9





10





11





Under 11







Rating





AAA





AA





A1





A2





A3





Baa1





Baa2





Baa3





BA1





Ba2





Ba3





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):



Credit quality step





1





2





3





All other credit ratings







Rating





P-1





P-2





P-3





All short-term credit ratings that are lower than A3, P3 and F3





 



7 ratings for claims within the exposure class referred to in article 112 lit. o of Regulation (EU) No. 575/2013:



Credit quality step





1





2





3





4





5





6







Rating





AAA to Aa3





A1 to A3





Baa1 to Baa3





BA1 to Ba3





B1 to B3





Caa1 and below





 

Standard & Poor's

§ 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:



1. long-term ratings for claims within the exposure classes referred to in article 112 of Regulation (EU) No. 575/2013:



Credit quality step





1





2





3





4





5





6







Rating





AAA to AA





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:



Credit quality step





1





2





3





4





5





6







Rating





A-1 +, A-1





A-2





A-3





All short-term credit ratings that are lower than A-3





---





---





 



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):



Credit quality step





1





2





3





All other credit ratings







Rating





A-1 +, A-1





A-2





A-3





All short-term credit ratings that are lower than

A-3





 



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):



Credit quality step





1





2





3





4





5 and below







Rating





AAA to AA





A + to A-





BBB + to BBB





BB + to BB





B + and low





 



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):



Credit quality step





1





2





3





4





5





6





7





8





9





10





11





Under 11







Rating





AAA





AA





A +





A





A-





BBB +





BBB





BBB





BB +





BB





BB





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):



Credit quality step





1





2





3





All other credit ratings







Rating





A-1 +, A-1





A-2





A-3





All short-term credit ratings that are lower than A-3





 



7 ratings for claims within the exposure class referred to in article 112 lit. o of Regulation (EU) No. 575/2013 BWG:



Credit quality step





1





2





3





4





5





6







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





 

Dominion Bond rating services

§ 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:



1. long-term ratings for claims within the exposure classes referred to in article 112 of Regulation (EU) No. 575/2013:



Credit quality step





1





2





3





4





5





6







Rating





AAA to AAL





AH to AL





BBBH to BBBL





BBH to BBL





BH-BL





CCCH and below





 



2. short-term ratings for claims within the exposure classes referred to in article 112 of Regulation (EU) No. 575/2013:



Credit quality step





1





2





3





4





5





6







Rating





R-1 (high), R-1 (middle), R-1 (low)





R-2 (high), R-2 (middle) and R-2 (low)





R-3





R-4, R-5





---





---





 



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):



Credit quality step





1





2





3





All other credit ratings







Rating





R-1 (high), R-1 (middle), R1 (low)





R-2 (high), R-2 (middle), R-2 (low)





R-3





All short-term credit ratings that are lower than

R-3





 



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):



Credit quality step





1





2





3





4





5 and below







Rating





AAA to AAL





AH to AL





BBBH to BBBL





BBH to BBL





BRA 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):



Credit quality step





1





2





3





4





5





6





7





8





9





10





11





Under 11







Rating





AAA





AA





AH





A





AL





BBBH





BBB





BBBL





BBH





BB





BBL





Lower than BBL





 



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):



Credit quality step





1





2





3





All other credit ratings







Rating





R-1 (high), R-1 (middle), R1 (low)





R-2 (high), R-2 (middle), R-2 (low)





R-3





All short-term credit ratings that are lower than

R-3





 

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.

Ettl Kumpf Müller