+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:

▼M17

(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.

▼C2

In all other cases, the exposure shall be treated as unrated.

1. Prezentare generală

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1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

Cerințe

3. Standarde asociate

Standarde