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Version status: Entered into force | Document consolidation status: No known changes
Version date: 19 June 2012 - onwards
Version 2 of 2

Article 6 Assessing that a credit rating methodology is continuous

A credit rating agency shall use credit rating methodologies shall that are designed and implemented in a way that enables them to:

(a) continue to be used unless there is an objective reason for the credit rating methodology to change or be discontinued;

(b) be capable of promptly incorporating any finding from ongoing monitoring or a review, in particular where changes in structural macroeconomic or financial market conditions would be capable of affecting credit ratings produced by that methodology;

(c) compare credit ratings across different asset classes.