Article 5 Class of credit ratings

Any information regarding the class of credit ratings shall use the following ratings classes:

1. (a)

   sovereign and public finance ratings;

2. (b)

   structured finance ratings;

3. (c)

   corporate ratings:

   1. (i)

      financial institution including credit institutions and investment firms;

   2. (ii)

      insurance undertaking;

   3. (iii)

      corporate issuer that is not considered a financial institution or an insurance undertaking.