111. Credit institutions should take into account that there are some circumstances in which an …

Credit institutions should take into account that there are some circumstances in which an adverse movement in the factors listed in paragraphs 107 and 108 above might not be indicative of a significant increase in credit risk. For example, it may be the case that the default probability of a lending exposure rated AA is low, and not much greater than one rated AAA. However, very few lending exposures are of such apparently low credit risk — and, as noted in paragraph 110, the sensitivity of default probability to rating grades may increase strongly as rating quality declines.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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