ANNEX I Mapping table under the standardised approach as referred to in Article 1
Credit quality step |
1 |
2 |
3 |
4 |
All other |
ARC Ratings SA and ARC Ratings (UK) Limited |
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Medium and Long-Term Issues |
AAASF to AA-SF |
A+SF to A-SF |
BBB+SF to BBB-SF |
BB+SF to BB-SF |
Below BB-SF |
Short-Term Issues |
A-1+SF, A-1SF |
A-2SF |
A-3SF |
Below A-3SF |
|
Axesor SA |
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Structured finance rating scale |
AAA(sf) to AA-(sf) |
A+(sf) to A-(sf) |
BBB+(sf) to BBB-(sf) |
BB+(sf) to BB-(sf) |
Below BB-(sf) |
Creditreform Ratings AG |
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Long-term rating scale |
AAA sf, AA- sf |
A+ sf to A- sf |
BBB+ sf to BBB- sf |
BB+ sf to BB- sf |
Below BB- sf |
DBRS Ratings Limited |
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Long-term obligations rating scale |
AAA (sf) to AA (low) (sf) |
A (high) (sf) to A (low) (sf) |
BBB (high) (sf) to BBB (low) (sf) |
BB (high) (sf) to BB (low) (sf) |
Below BB (low) (sf) |
Commercial paper and short-term debt rating scale |
R-1 (high) (sf) to R-1 (low) (sf) |
R-2 (high) (sf) to R-2 (low) (sf) |
R-3 (sf) |
Below R-3 (sf) |
|
FERI EuroRating Services AG |
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Rating scale |
AAAsf to AA-sf |
A+sf to A-sf |
BBB+sf to BBB-sf |
BB+sf to BB-sf |
Below BB-sf |
Fitch Ratings |
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Long-term issuer credit ratings scale |
AAAsf to AA-sf |
A+sf to A-sf |
BBB+sf to BBB-sf |
BB+sf to BB-sf |
Below BB-sf |
Short-term rating scale |
F1+sf, F1sf |
F2sf |
F3sf |
Below F3sf |
|
Japan Credit Rating Agency Ltd |
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Long-term issuer ratings scale |
AAA to AA- |
A+ to A- |
BBB+ to BBB- |
BB+ to BB- |
Below BB- |
Short-term issuer ratings scale |
J-1+, J-1 |
J-2 |
J-3 |
Below J-3 |
|
Kroll Bond Rating Agency |
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Long-Term Credit |
AAA (sf) to AA- (sf) |
A+ (sf) to A- (sf) |
BBB+ (sf) to BBB- (sf) |
BB+ (sf) to BB- (sf) |
Below BB- (sf) |
Short-Term Credit |
K1+ (sf), K1 (sf) |
K2 (sf) |
K3 (sf) |
Below K3 (sf) |
|
Moody's Investors Service |
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Global long-term rating scale |
Aaa(sf) to Aa3(sf) |
A1(sf) to A3(sf) |
Baa1(sf) to Baa3(sf) |
Ba1(sf) to Ba3(sf) |
Below Ba3(sf) |
Global short-term rating scale |
P-1(sf) |
P-2(sf) |
P-3(sf) |
NP(sf) |
|
Standard & Poor's Ratings Services |
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Long-term issuer credit ratings scale |
AAA (sf) to AA- (sf) |
A+ (sf) to A- (sf) |
BBB+ (sf) to BBB- (sf) |
BB+ (sf) to BB- (sf) |
Below BB- (sf) |
Short-term issuer credit ratings scale |
A-1+ (sf), A-1 (sf) |
A-2 (sf) |
A-3 (sf) |
Below A-3 (sf) |
|
Scope Rating AG and Scope Ratings UK Limited |
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Global long-term rating scale |
AAASF to AA-SF |
A+SF to A-SF |
BBB+SF to BBB-SF |
BB+SF to BB-SF |
Below BB-SF |
Global short-term rating scale |
S-1+SF, S-1SF |
S-2SF |
S-3SF |
S-4SF |
|