Credit risk of project owners
Article 5
The description provided to investors of the method used to assess the credit risk of project owners as referred to in Article 6(2), point (c) of Regulation (EU) 2020/1503, shall contain all of the following elements: (a) the procedures for the credit approval and monitoring processes; (b) the procedures to determine the project owner’s credit scoring, where applicable; (c) the procedures for using external ratings for assessing a project owner’s creditworthiness; (d) the procedures regarding the acceptance and recognition of collateral or guarantee and credit risk mitigation measures, where relevant; (e) the procedures and data used to assess the financial history of the project owner and the procedures to be followed in the event that the project owner fails or refuses to provide the required information.