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+Article 139 2. |
Article 139 2.Where no directly applicable credit assessment exists for a certain item, but a credit assessment exists for a specific issuing programme or facility to which the item constituting the exposure does not belong or a general credit assessment exists for the issuer, then that credit assessment shall be used in either of the following cases:
(a)
the credit assessment produces a higher risk weight than would be the case if the exposure were treated as unrated and the exposure concerned:
(i)
is not a specialised lending exposure;
(ii)
ranks pari passu or junior in all respects to the specific issuing programme or facility or to senior unsecured exposures of that issuer, as relevant;
(b)
the credit assessment produces a lower risk weight than would be the case if the exposure were treated as unrated and the exposure concerned:
(i)
is not a specialised lending exposure;
(ii)
ranks pari passu or senior in all respects to the specific issuing programme or facility or to senior unsecured exposures of that issuer, as relevant. In all other cases, the exposure shall be treated as unrated. 1. Overview
1.1 References1.2 Identified Requirements1.3 Related Standards2. Identified Requirements
3. Related Standards
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