Article 1
Implementing Regulation (EU) 2016/1800 is amended as follows: The Annex is replaced by the text in the Annex to this Regulation.
Commission Implementing Regulation (EU) 2024/1820 of 1 July 2024 amending the implementing technical standards laid down in Implementing Regulation (EU) 2016/1800 as regards the mapping tables specifying 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
Commission Implementing Regulation (EU) 2024/1820 of 1 July 2024 amending the implementing technical standards laid down in Implementing Regulation (EU) 2016/1800 as regards the mapping tables specifying 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
Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗
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 .
Supplementary provisions
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 issue rating scale AAA AA A BBB BB B CCC, CC, C, D Insurance Financial Strength Rating Criteria 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 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 Banque de France Global ANACOT 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 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 EthiFinance S.L. (formerly Axesor Risk Management S.L.) Global long-term rating scale AAA AA A BBB BB B CCC, CC, C, D Global short-term rating scale EF1+ EF1, EF2 EF3, EF4, EF5 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 Insurer Financial Strength rating 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, RD dcr, R 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 CRIF S.A. (previously 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 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 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 Insurance Financial Strength rating scale AAA AA A BBB BB B CCC, CC, 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 N1 N2 N3 N4, N5, N6 Scope Ratings GmbH Long-term rating scale AAA AA A BBB BB B CCC, CC, C, D/SD Short-term rating scale S-1+ S-1 S-2 S-3, S-4, D/SD 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
Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.
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