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. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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