ANNEX
‘ANNEX II
Mapping tables for the purposes of Article 2
CQS | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | All other |
A.M. Best (EU) Rating Services B.V. | ||||||||||||||||||
Long-term issue credit rating scale | ||||||||||||||||||
aaa(sf) | aa+(sf) | aa(sf) | aa-(sf) | a+(sf) | a(sf) | a-(sf) | bbb+(sf) | bbb(sf) | bbb-(sf) | bb+(sf) | bb(sf) | bb-(sf) | b+(sf) | b(sf) | b-(sf) | ccc+(sf), ccc(sf), ccc-(sf) | Below ccc-(sf) | |
Short-term issue rating scale | ||||||||||||||||||
AMB-1+(sf), AMB-1(sf) | AMB-2(sf) | AMB-3(sf) | Below AMB-3(sf) | |||||||||||||||
ARC Ratings S.A. | ||||||||||||||||||
Medium- and long-term issue rating scale | ||||||||||||||||||
AAASF | AA+SF | AASF | AA-SF | A+SF | ASF | A-SF | BBB+SF | BBBSF | BBB-SF | BB+SF | BBSF | BB-SF | B+SF | BSF | B-SF | CCC+SFCCCSF, CCC-SF | Below CCC-SF | |
Short-term issue rating scale | ||||||||||||||||||
A-1+SF, A-1 SF | A-2SF, | A-3SF | Below A-3SF | |||||||||||||||
CQS | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | All other |
Axesor Risk Management S.L. | ||||||||||||||||||
Long-term structured finance credit rating scale | ||||||||||||||||||
AAA(sf) | AA+(sf) | AA(sf) | AA-(sf) | A+(sf) | A(sf) | A-(sf) | BBB+(sf) | BBB(sf) | BBB-(sf) | BB+(sf) | BB(sf) | BB-(sf) | B+(sf) | B(sf) | B-(sf) | CCC+(sf),CCC(sf), CCC-(sf) | Below CCC-(sf) | |
Creditreform Rating AG | ||||||||||||||||||
Long-term credit rating scale | ||||||||||||||||||
AAAsf | AA+sf | AAsf | AA-sf | A+sf | Asf | A-sf | BBB+sf | BBBsf | BBB-sf | BB+sf | BBsf | BB-sf | B+sf | Bsf | B-sf | CCCsf | Below CCCsf | |
DBRS Ratings GmbH | ||||||||||||||||||
Long-term obligations rating scale | ||||||||||||||||||
AAA(sf) | AA(high)(sf) | AA(sf) | AA(low)(sf) | A(high)(sf) | A(sf) | A(low)(sf) | BBB(high)(sf) | BBB(sf) | BBB(low)(sf) | BB(high)(sf) | BB(sf) | BB(low)(sf) | B(high)(sf) | B(sf) | B(low)(sf) | CCC(high)(sf), CCC(sf), CCC(low)(sf) | Below CCC(low)(sf) | |
Commercial paper and short-term debt rating scale | ||||||||||||||||||
R-1(high)(sf), R-1(middle)(sf), R-1(low)(sf) | R-2(high)(sf), R-2(middle)(sf), R-2(low)(sf) | R-3(sf) | Below R-3(sf) | |||||||||||||||
CQS | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | All other |
Fitch Ratings Ireland Limited | ||||||||||||||||||
Long-term rating scale | ||||||||||||||||||
AAASF | AA+SF | AASF | AA-SF | A+SF | ASF | A-SF | BBB+SF | BBBSF | BBB-SF | BB+SF | BBSF | BB-SF | B+SF | BSF | B-SF | CCCSF | Below CCCSF | |
Short-term rating scale | ||||||||||||||||||
F1+SF, F1 SF | F2SF | F3SF | Below F3SF | |||||||||||||||
HR Ratings de México, S.A. de C.V. | ||||||||||||||||||
Long-term credit rating scale | ||||||||||||||||||
HR AAA (E) | HR AA+ (E) | HR AA (E) | HR AA- (E) | HR A+ (E) | HR A (E) | HR A- (E) | HR BBB+ (E) | HR BBB (E) | HR BBB- (E) | HR BB+ (E) | HR BB (E) | HR BB- (E) | HR B+ (E) | HR B (E) | HR B- (E) | HR C+ (E) | Below HR C+ (E) | |
ICAP S.A. | ||||||||||||||||||
Global credit rating scale | ||||||||||||||||||
AAASF, AAA-SF | AA+SF | AASF | AA-SF | A+SF | ASF | A-SF | BBB+SF | BBBSF | BBB-SF | BB+SF | BBSF | BB-SF | B+SF | BSF | B-SF | CCC+SF, CCCSF, CCC-SF | Below CCC-SF | |
CQS | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | All other |
Japan Credit Rating Agency Ltd | ||||||||||||||||||
Long-term issue rating scale | ||||||||||||||||||
AAA | AA+ | AA | AA- | A+ | A | A- | BBB+ | BBB | BBB- | BB+ | BB | BB- | B+ | B | B- | CCC | Below CCC | |
Short-term issue rating scale | ||||||||||||||||||
J-1+, J-1 | J-2 | J-3 | Below J-3 | |||||||||||||||
Kroll Bond Rating Agency Europe Limited | ||||||||||||||||||
Long-term credit rating scale | ||||||||||||||||||
AAA(sf) | AA+(sf) | AA(sf) | AA-(sf) | A+(sf) | A(sf) | A-(sf) | BBB+(sf) | BBB(sf) | BBB-(sf) | BB+(sf) | BB(sf) | BB-(sf) | B+(sf) | B(sf) | B-(sf) | CCC+(sf), CCC(sf), CCC-(sf) | Below CCC-(sf) | |
Short-term credit rating scale | ||||||||||||||||||
K1+(sf), K1(sf) | K2(sf) | K3(sf) | Below K3(sf) | |||||||||||||||
CQS | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | All other |
Moody’s Investors Service | ||||||||||||||||||
Global long-term rating scale | ||||||||||||||||||
Aaa(sf) | Aa1(sf) | Aa2(sf) | Aa3(sf) | A1(sf) | A2(sf) | A3(sf) | Baa1(sf) | Baa2(sf) | Baa3(sf) | Ba1(sf) | Ba2 (sf) | Ba3 (sf) | B1 (sf) | B2 (sf) | B3 (sf) | Caa1(sf), Caa2(sf), Caa3(sf) | Below Caa3(sf) | |
Global short-term rating scale | ||||||||||||||||||
P-1 (sf) | P-2 (sf) | P-3 (sf) | Below P-3(sf) | |||||||||||||||
Scope Ratings GmbH | ||||||||||||||||||
Long-term credit rating scale | ||||||||||||||||||
AAASF | AA+SF | AASF | AA-SF | A+SF | ASF | A-SF | BBB+SF | BBBSF | BBB-SF | BB+SF | BBSF | BB-SF | B+SF | BSF | B-SF | CCCSF | Below CCCSF | |
Short-term credit rating scale | ||||||||||||||||||
S-1+SF, S-1SF | S-2 SF | S-3 SF | , | Below S-3 SF | ||||||||||||||
CQS | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | All other |
S&P Global Ratings Europe Limited | ||||||||||||||||||
Global long-term issue credit rating scale | ||||||||||||||||||
AAA(sf) | AA+(sf) | AA(sf) | AA-(sf) | A+(sf) | A(sf) | A-(sf) | BBB+(sf) | BBB(sf) | BBB-(sf) | BB+(sf) | BB(sf) | BB-(sf) | B+(sf) | B(sf) | B-(sf) | CCC+(sf), CCC(sf), CCC-(sf) | Below CCC-(sf) | |
Global short-term issue credit rating scale | ||||||||||||||||||
A-1+(sf), A-1(sf) | A-2(sf) | A-3(sf) | Below A-3(sf) | |||||||||||||||