Commission Implementing Regulation (EU) 2021/2005 of 16 November 2021 laying down implementing technical standards 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 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 A.M. Best (EU) Rating Services B.V.             Long-term issuer credit rating scale aaa, aa+, aa, aa- a+, a, a- bbb+, bbb, bbb- bb+, bb, bb- b+, b, b- ccc+, ccc, ccc-, cc, c, d, e, f, s Long-term issue rating scale aaa, aa+, aa, aa- a+, a, a- bbb+, bbb, bbb- bb+, bb, bb- b+, b, b- ccc+, ccc, ccc-, cc, c, d, s Financial strength rating scale A++, A+ A, A- B++, B+ B, B- C++, C+ C, C-, D, E, F, S Short-term issuer rating scale AMB-1+ AMB-1- AMB-2, AMB-3 AMB- 4, d, e, f, s     Short-term issue rating scale AMB-1+ AMB-1- AMB-2, AMB-3 AMB- 4, d, s     ARC Ratings S.A.             Medium- and long-term issuer rating scale AAA, AA A BBB BB B CCC, CC, C, D Medium- and long-term issue rating scale AAA, AA A BBB BB B CCC, CC, C, D Claims paying ability rating scale AAA, AA A BBB BB B CCC, CC, C, R Short-term issuer rating scale A-1+ A-1 A-2, A-3 B, C, D     Short-term issue 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 Risk Management S.L.             Global long-term rating scale AAA, AA A BBB BB B CCC, CC, C, D, E Global short-term rating scale AS1+ AS1 AS2 AS3, AS4, AS5     Banque de France             Global long-term issuer credit rating scale 3++ 3+, 3 4+ 4, 5+ 5, 6 7, 8, 9, P Global NEC long-term issuer credit rating scale 1+ 1, 1- 2+, 2, 2- 3+, 3, 3-, 4+, 4, 4-, 5+ 5, 5-, 6+, 6, 6- 7, 8, P BCRA — Credit Rating Agency AD             Global long-term rating scale AAA, AA A BBB BB B CCC, CC, C, D Global short-term rating scale A-1+ A-1 A-2, A-3 B, C, D     Pension-insurance company long-term scale AAA, AA A BBB BB B CCC, CC, C, D Pension-insurance company short-term scale A-1+ A-1 A-2, A-3 B, C, D     Pension fund long-term scale AAA pf, AA pf A pf BBB pf BB pf B pf C pf Guarantee fund long-term scale AAA, AA A BBB BB B C, D Guarantee fund short-term scale A-1+ A-1 A-2, A-3 B, C, D     Capital Intelligence Ratings 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 long-term insurer financial strength rating scale AAA, AA A BBB BB B C, RS, SD, D International short-term issuer rating scale A1+ A1 A2, A3 B, C, RS, SD, D     International short-term issue rating scale A1+ A1 A2, A3 B, C, D     International short-term insurer financial strength rating scale A1+ A1 A2, A3 B, C, RS, SD, 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 Corporate short-term rating scale S-1 S-2 S-3 V-1, R-1     Creditreform Rating AG             Long-term issuer rating scale AAA, AA A   BBB BB, B C, SD, D Long-term issue rating scale AAA, AA A   BBB BB, B C, D Short-term rating scale L1 L2   L3, NEL, D     CRIF Ratings S.r.l.             Long-term issuer rating scale AAA, AA A BBB BB B CCC, CC, C, D1S, D Long-term issue rating scale AAA, AA A BBB BB B CCC, CC, C, DS SME rating scale SME1, SME2   SME3 SME4 SME5, SME6 SME7, SME8 Short-term issuer rating scale IG-1   IG-2 SIG-1, SIG-2, SIG-3, SIG-4     Short-term issue rating scale IG-1   IG-2 SIG-1, SIG-2, SIG-3, SIG-4     DBRS Ratings GmbH             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     Financial strength rating scale AAA, AA A BBB BB B CCC, CC, C, R Expected loss rating scale AAA(el), AA(el) A(el) BBB(el) BB(el) B(el) CCC(el), CC(el), C(el) 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     EuroRating Sp. z o.o.             Global long-term rating scale AAA, AA A BBB BB B CCC, CC, C, D Fitch Ratings Ireland Limited             Long-term issuer default rating scale AAA, AA A BBB BB B CCC, CC, C, RD, D Corporate finance obligations — long-term rating scale AAA, AA A BBB BB B CCC, CC, C Long-term international Insurer Financial Strength rating scale AAA, AA A BBB BB B CCC, CC, C Derivative counterparty rating scale AAA dcr, AA dcr A dcr BBB dcr BB dcr B dcr CCC dcr, CC dcr, C dcr Short-term rating scale F1+ F1 F2, F3 B, C, RD, D     Short-term IFS rating scale F1+ F1 F2, F3 B, C     GBB-Rating Gesellschaft für Bonitätsbeurteilung GmbH             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 S.A.             Global long-term issuer rating scale   AAA, AA A, BBB BB, B CCC, CC C, D Global long-term issue rating scale   AAA, AA A, BBB BB, B CCC, CC C, D INBONIS S.A.             Long-term rating scale AAA/AA A BBB BB B CCC, CC, C, D Japan Credit Rating Agency Ltd             Long-term issuer rating scale AAA, AA A BBB BB B CCC, CC, C, LD, D Long-term issue rating scale AAA, AA A BBB BB B CCC, CC, C, D Short-term issuer rating scale J-1+ J-1 J-2 J-3, NJ, LD, D     Short-term issue credit rating scale J-1+ J-1 J-2 J-3, NJ, D     Kroll Bond Rating Agency Europe Limited             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 Global short-term rating scale P-1 P-2 P-3 NP     Nordic Credit RatingAS             Long-term rating scale AAA/AA A BBB BB B CCC, CC, C, D, SD Short-term rating scale     N-1+ N-1, N-2, N-3, N-4     QIVALIO SAS (formerly Spread Research)             Global long-term rating scale AAA, AA A BBB BB B CCC, CC, C, D Global short-term rating scale SR0   SR1, SR2 SR3, SR4, SR5, SRD     Rating-Agentur Expert RA GmbH             International long-term 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 International short-term rating scale RA1+ RA1 RA2, RA3 RA4, RA5, C, D     Scope Ratings GmbH             Long-term rating scale AAA, AA A BBB BB B CCC, CC,C, D Short-term rating scale S-1+ S-1 S-2 S-3, S-4     Scope Hamburg GmbH             Global long-term rating scale AAA, AA A BBB BB B CCC, CC, C, SD, D S&P Global Ratings Europe Limited             Long-term issuer credit rating scale AAA, AA A BBB BB B CCC, CC, R, SD/D Long-term issue credit rating scale AAA, AA A BBB BB B CCC, CC, C, D Insurer financial strength rating scale AAA, AA A BBB BB B CCC, CC, SD/D, R Long-term Financial Institution Resolution Counterparty Ratings AAA, AA A BBB BB B CCC, CC, SD,, D Mid-Market Evaluation rating scale   MM1 MM2 MM3, MM4 MM5, MM6 MM7, MM8, MMD Short-term issuer credit rating scale A-1+ A-1 A-2, A-3 B, C, R, SD/D     Short-term issue credit rating scale A-1+ A-1 A-2, A-3 B, C, D     Short-term Financial Institution Resolution Counterparty Ratings A-1+ A-1 A-2, A-3 B, C, SD/D     ”