2. Institutions should have procedures in place for inferring a rating for non-rated positions. …

Institutions should have procedures in place for inferring a rating for non-rated positions. When credit spreads are available, their use for inferring a rating should be clearly documented. Likewise, the use of a default rating (i.e. a „fall-back‟ rating for positions where no observable data can be used to infer a rating) should be documented. Any rating system applied should, as far as possible, differentiate between relevant groups of positions.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.