CQS: Difference between revisions
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imported>Doug Williamson (Create the page. Source CEBS mapping document https://www.eba.europa.eu/documents/10180/16166/4+Ausust+2006_Mapping.pdf) |
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Revision as of 16:54, 13 August 2016
Bank supervision.
Credit Quality Step.
A simplified and standardised scale of credit quality, mapped to the credit ratings of the largest credit rating agencies.
The Credit Quality Steps are whole numbers from 1 to 6.
1 is the highest quality, corresponding to ratings of AA- and better in Fitch's and Standard & Poor's (S&P's) ratings.
6 is the lowest quality, corresponding to CCC+ and worse in Fitch's and S&P's ratings.
