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Recital 7

Recital 7

(7)Regulation (EU) No 462/2013 introduces in Article 3(1)w of Regulation (EC) No 1060/2009 a definition of a rating outlook and extends certain requirements applicable to credit ratings to rating outlooks. Although rating outlooks are a feature of the market for credit ratings, the Argentinian legal and supervisory framework does not include any such provisions. As rating outlooks are not included within the scope of the ‘Commission Nacional de Valores’ (CNV)'s supervision of CRAs, the CNV cannot ask for any information related to rating outlooks.

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