75. Institutions should calculate the one-year default rate also for the subset of obligors with …

Institutions should calculate the one-year default rate also for the subset of obligors with any credit obligation that did not have a rating at the start of the relevant observation period, but which were within the range of application of the model under consideration (‘missing ratings’), even if these obligors were assigned to a rating grade or pool in a conservative manner for the purpose of calculation of own funds requirements. Obligors whose ratings are based on missing or partly missing information or where the rating is outdated but still deemed valid by the institution should not be considered as missing ratings.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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