Commission Implementing Regulation (EU) 2024/1872 of 1 July 2024 amending the implementing technical standards laid down in 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

Implementing Regulation (EU) 2024/1872 · Regulation · 3 articles

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 1

Implementing Regulation (EU) 2016/1799 is amended as follows: Annex III is replaced by the text in the Annex to this Regulation.

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 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 Insurance Financial Strength Rating Criteria scale AAA, AA A BBB BB B CCC, CC, C, D 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 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 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 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 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, 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 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 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 ’

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