Commission Implementing Regulation (EU) 2021/2006 of 16 November 2021 laying down implementing technical standards amending Implementing Regulation (EU) 2016/1800 as regards the allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps in accordance with Directive 2009/138/EC of the European Parliament and of the Council (Text with EEA relevance)

Amendment to Implementing Regulation (EU) 2016/1800

Article 1

The Annex to Implementing Regulation (EU) No 2016/1800 is replaced by the text 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 Allocation of credit assessments of external credit assessment institutions to an objective scale of credit quality steps Credit quality step 0 1 2 3 4 5 6 A.M. Best (EU) Rating Services B.V.               Long-term issuer credit ratings scale aaa 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 ratings scale aaa aa, aa- a+, a, a- bbb+, bbb, bbb- bb+, bb, bb- b+, b, b- ccc+, ccc, ccc-, cc, c, d, s Financial strength ratings scale   A++, A+ A, A- B++, B+ B, B- C++, C+ C, C-, D, E, F, S Short-term issuer ratings scale   AMB-1+ AMB-1- AMB-2, AMB-3 AMB- 4, d, e, f, s     Short-term issue ratings scale   AMB-1+ AMB-1- AMB-2, AMB-3 AMB- 4, d, s     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 Claims paying ability rating scale AAA AA A BBB BB B CCC, CC, C, R 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 Risk Management SL               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 ratings 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 ratings scale AAA AA A BBB BB B CCC, CC, C, D Global short-term ratings 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 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 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 Derivative counterparty ratings 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 ratings scale   F1+ F1 F2, F3 B, C     GBB-Rating Gesellschaft für Bonitätsbeurteilung 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 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 SA               Long-term 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 Europe               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 Rating AS               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 AG               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               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 Long-term Financial Institution Resolution Counterparty Ratings AAA AA A BBB BB B CCC, CC, SD, D 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     Short-term Financial Institution Resolution Counterparty Ratings   A-1+ A-1 A-2, A-3 B, C, SD/D     ’