Eurosystemet forbeholder sig ret til at fastslå, om en udstedelse, udsteder, debitor eller garant opfylder kravene til høje kreditstandarder på grundlag af enhver oplysning, som det anser for relevant.
The Eurosystem publishes the lowest rating grade meeting the required credit quality threshold for each accepted ECAI, without assuming any responsibility for its assessment of the ECAI, again subject to regular review. With regard to asset-backed securities, the Eurosystem’s benchmark for establishing its minimum requirements for high credit standards is defined in terms of a ‘triple A’ credit assessment [75] at issuance. Over the lifetime of the asset-backed security, the Eurosystem’s minimum threshold of credit quality step 2 of the Eurosystem’s harmonised rating scale ( ‘single A’) must be retained [76]. With regard to RMBDs, the Eurosystem’s benchmark for establishing its minimum requirement for high credit standards is defined in terms of a credit assessment of credit quality step 2 in the Eurosystem’s harmonised rating scale ( ‘single A’). The Eurosystem considers a PD over a 1-year horizon of 0,10 % as equivalent to a credit assessment of credit quality step 2, subject to regular review.