From ACT Wiki
Revision as of 16:54, 13 August 2016 by Doug Williamson (Talk | contribs) (Create the page. Source CEBS mapping document https://www.eba.europa.eu/documents/10180/16166/4+Ausust+2006_Mapping.pdf)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

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.

See also