Commission Implementing Regulation (EU) 2018/634 of 24 April 2018 amending Implementing Regulation (EU) 2016/1799 as regards the mapping tables specifying the correspondence between the credit risk assessments of external credit assessment institutions and the credit quality steps set out in Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance. )

Amendment to Implementing Regulation (EU) 2016/1799

Article 1

Annex III to Implementing Regulation (EU) 2016/1799 is replaced by the text set out in the Annex to this Regulation.

Entry into force

Article 2

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union .

ANNEXSupplementary provisions

ANNEX ‘ANNEX III Mapping tables for the purposes of Article 16 Credit quality step 1 2 3 4 5 6 AM Best Europe-Rating Services Ltd Long-term issuer credit ratings scale aaa, aa+, aa, aa- a+, a, a- bbb+, bbb, bbb- bb+, bb, bb- b+, b, b- ccc+, ccc, ccc-, cc, c, rs Long-term debt ratings scale aaa, aa+, aa, aa- a+, a, a- bbb+, bbb, bbb- bb+, bb, bb- b+, b, b- ccc+, ccc, ccc-, cc, c, d Financial strength ratings scale A++, A+ A, A- B++, B+ B, B- C++, C+ C, C-, D, E, F, S Short-term ratings scale AMB-1+ AMB-1- AMB-2, AMB-3 AMB- 4     ARC Ratings S.A. Medium- and long-term issuers rating scale AAA, AA A BBB BB B CCC, CC, C, D Medium- and long-term issues rating scale AAA, AA A BBB BB B CCC, CC, C, D Short-term issuers rating scale A-1+ A-1 A-2, A-3 B, C, D     Short-term issues rating scale A-1+ A-1 A-2, A-3 B, C, D     ASSEKURATA Assekuranz Rating-Agentur GmbH Long-term credit rating scale AAA, AA A BBB BB B CCC, CC/C, D Short-term corporate rating scale A++ A   B, C, D     Axesor SA Global rating scale AAA, AA A BBB BB B CCC, CC, C, D, E Banque de France Global long-term issuer credit ratings scale 3++ 3+, 3 4+ 4, 5+ 5, 6 7, 8, 9, P BCRA – Credit Rating Agency AD Bank long-term ratings scale AAA, AA A BBB BB B C, D Insurance long-term ratings scale iAAA, iAA iA iBBB iBB iB iC, iD Corporate long-term ratings scale AAA, AA A BBB BB B CCC, CC, C, D Municipality long-term ratings scale AAA, AA A BBB BB B CCC, CC, C, D Issue long-term ratings scale AAA, AA A BBB BB B CCC, CC, C, D Bank short-term ratings scale A-1+ A-1 A-2, A-3 B, C, D     Corporate short-term ratings scale A-1+ A-1 A-2, A-3 B, C, D     Municipality short-term ratings scale A-1+ A-1 A-2, A-3 B, C, D     Issue short-term rating scale A-1+ A-1 A-2, A-3 B, C, D     Capital Intelligence Ltd International long-term issuer rating scale AAA, AA A BBB BB B C, RS, SD, D International long-term issue rating scale AAA, AA A BBB BB B CCC, CC, C, D International short-term issuer rating scale A-1+ A-1 A-2, A-3 B, C, D     International short-term issue rating scale A-1+ A-1 A-2, A-3 B, C, D     Cerved Rating Agency S.p.A. Corporate long-term rating scale A1.1, A1.2, A1.3 A2.1, A2.2, A3.1 B1.1, B1.2 B2.1, B2.2 C1.1 C1.2, C2.1 Creditreform Ratings AG Long-term rating scale AAA, AA A BBB BB B C, D CRIF S.p.A. Global long-term rating scale AAA, AA A BBB BB B CCC, D1, D2 Dagong Europe Credit Rating Long-term credit rating scale AAA, AA A BBB BB B CCC, CC, C, D Short-term credit rating scale A-1   A-2, A-3 B, C, D     DBRS Ratings Limited Long-term obligations rating scale AAA, AA A BBB BB B CCC, CC, C, D Commercial paper and short-term debt rating scale R-1 H, R-1 M R-1 L R-2, R-3 R-4, R-5, D     Claims paying ability rating scale IC-1 IC-2 IC-3 IC-4 IC-5 D Egan-Jones Ratings Co. Long-term credit rating scale AAA, AA A BBB BB B CCC,CC, C, D Short-term credit rating scale A-1+ A-1 A-2 A-3, B, C, D     Euler Hermes Rating GmbH Global long-term rating scale AAA, AA A BBB BB B CCC, CC, C, SD, D European Rating Agency, a.s. Long-term rating scale   AAA, AA, A BBB BB B CCC, CC, C, D Short-term rating scale   S1 S2 S3, S4, NS     EuroRating Sp.zo.o. Global long-term rating scale AAA, AA A BBB BB B CCC, CC, C, D Fitch Ratings Long-term issuer credit ratings scale AAA, AA A BBB BB B CCC, CC, C, RD, D Corporate finance obligations – long-term ratings scale AAA AA A BBB BB B CCC, CC, C Long-term international IFS ratings scale AAA, AA A BBB BB B CCC, CC, C Short-term rating scale F1+ F1 F2, F3 B, C, RD, D     Short-term IFS ratings scale F1+ F1 F2, F3 B, C     GBB-Rating Gesellschaft für Bonitäts-beurteilung mbH Global long-term rating scale AAA, AA   A, BBB BB B CCC, CC, C, D HR Ratings de México, S.A. de C.V. Global long-term rating scale HR AAA(G)/HR AA(G) HR A(G) HR BBB(G) HR BB(G) HR B(G) HR C(G)/HR D(G) Global short-term rating scale HR+1(G)/HR1(G) HR2(G) HR3(G) HR4(G), HR5(G), HR D(G)     ICAP Group S.A Global long-term rating scale   AA, A BB, B C, D E, F G, H INC Rating Sp. z o.o. Long-term issuer credit rating scale AAA, AA A BBB BB B CCC,CC, C, D Japan Credit Rating Agency Ltd Long-term issuer ratings scale AAA, AA A BBB BB B CCC, CC, C, LD, D Long-term issue ratings scale AAA, AA A BBB BB B CCC, CC, C, D Short-term issuer ratings scale J-1+ J-1 J-2 J-3, NJ, LD, D     Short-term issue credit ratings scale J-1+ J-1 J-2 J-3, NJ, D     Kroll Bond Rating Agency Long-term credit rating scale AAA, AA A BBB BB B CCC, CC, C, D Short-term credit rating scale K1+ K1 K2, K3 B, C, D     modeFinance S.r.l. Global long-term rating scale A1,A2 A3 B1 B2 B3 C1, C2, C3, D Moody's Investors Service Global long-term rating scale Aaa, Aa A Baa Ba B Caa, Ca, C Bond fund rating scale Aaa-bf, Aa-bf A-bf Baa-bf Ba-bf B-bf Caa-bf, Ca-bf, C-bf Global short-term rating scale P-1 P-2 P-3 NP     Rating-Agentur Expert RA GmbH International credit rating scale AAA, AA A BBB BB B CCC,CC, C, D, E International reliability rating scale AAA, AA A BBB BB B CCC,CC, C, D, E Scope Ratings AG Global long-term rating scale AAA, AA A BBB BB B CCC, CC,C, D Global short-term rating scale S-1+ S-1 S-2 S-3, S-4     Spread Research International long-term rating scale AAA, AA A BBB BB B CCC, CC, C, D Standard & Poor's Ratings Services Long-term issuer credit ratings scale AAA, AA A BBB BB B CCC, CC, R, SD/D Long-term issue credit ratings scale AAA, AA A BBB BB B CCC, CC, C, D Insurer financial strength ratings scale AAA, AA A BBB BB B CCC, CC, SD/D, R Fund credit quality ratings scale AAAf, AAf Af BBBf BBf Bf CCCf Mid Market Evaluation ratings scale   MM1 MM2 MM3, MM4 MM5, MM6 MM7, MM8, MMD Short-term issuer credit ratings scale A-1+ A-1 A-2, A-3 B, C, R, SD/D     Short-term issue credit ratings scale A-1+ A-1 A-2, A-3 B, C, D     The Economist Intelligence Unit Ltd Sovereign rating band scale AAA, AA A BBB BB B CCC, CC, C, D ’