Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
Benchmark
The benchmark referred to in point (c) of Article 136(2) of Regulation (EU) No 575/2013, shall be distinguished in: (a) a long-run default rate benchmark for each credit quality step as set out in Table 1 of Annex I; (b) a short-run default rate benchmark for each credit quality step as set out in Table 2 of Annex I.
Reference meaning of the rating category per credit quality step
The reference meaning of a rating category that corresponds to each credit quality step is set out in Annex II.
Articles on this page are reproduced verbatim from official open data. See the attribution line.
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.