ANNEX I Correspondence of Probability of default ( PD ) to Credit quality steps for the purposes of Articles 6 and 7 01/01/2021An internal rating with a PD equal to or lower than the value in Table 1 shall be associated to the corresponding credit quality step. Table 1 Credit Quality Step Probability of default, as defined in Article 4(54) of Regulation (EU) 575/2013 lower than or equal to: 1 0,10 % 2 0,25 % 3 1 % 4 7,5 %
