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+Article 263 7. |
Article 263 7.For the purposes of using inferred ratings, institutions shall attribute to an unrated position an inferred rating equivalent to the credit assessment of a rated reference position which meets all of the following conditions:
(a)
the reference position ranks pari passu in all respects to the unrated securitisation position or, in the absence of a pari passu ranking position, the reference position is immediately subordinate to the unrated position;
(b)
the reference position does not benefit from any third-party guarantees or other credit enhancements that are not available to the unrated position;
(c)
the maturity of the reference position shall be equal to or longer than that of the unrated position in question;
(d)
on an ongoing basis, any inferred rating shall be updated to reflect any changes in the credit assessment of the reference position. 1. Übersicht
1.1 Referenzen1.2 Identifizierte Anforderungen1.3 Zugehörige Standards2. Identifizierte Anforderungen
3. Zugehörige Standards
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