16. The treatment of ratings of third parties presented in paragraphs 62 to 64 of the EBA GL on PD …

The treatment of ratings of third parties presented in paragraphs 62 to 64 of the EBA GL on PD and LGD estimation, taking into account the definition of credit risk mitigation in accordance with point (57) of Article 4(1) of Regulation (EU) No 575/2013, should not be considered a method for recognising credit risk mitigation effects, and it is not covered by the scope of these guidelines. In particular, the appropriate guarantee referred to in paragraph 62(a) of those guidelines relates to a type of contractual support provided by a third party to the obligor and hence it does not constitute a credit risk mitigation technique used by an institution in the sense of points (57) and (59) of Article 4(1) of Regulation (EU) No 575/2013.

1. Forbhreathnú

1.1 Tagairtí

• Airteagal 4 1.

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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