{
  "url": "https://openlegislation.uk/eu-regulation-2009-1060/annex-I/section-D/division-III/division-2",
  "json_url": "https://openlegislation.uk/eu-regulation-2009-1060/annex-I/section-D/division-III/division-2.json",
  "legislation": "eur/2009/1060",
  "legislation_title": "Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies (Text with EEA relevance)",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2009-1060",
  "path": "annex/I/section/D/division/III/division/2",
  "kind": "division",
  "number": "2",
  "heading": "A publicly available research report accompanying a change compared to the previous sovereign rating or related rating outlook shall include at least the following:",
  "text": "(a)a detailed evaluation of the changes to the quantitative assumption justifying the reasons for the rating change and their relative weight. The detailed evaluation should include a description of the following: per capita income, GDP Growth, inflation, fiscal balance, external balance, external debt, an indicator for economic development, an indicator for default and any other relevant factor taken into account. This should be complemented with the relative weight of each factor;\n(b)a detailed evaluation of the changes to the qualitative assumption justifying the reasons for the rating change and their relative weight;\n(c)a detailed description of the risks, limits and uncertainties related to the rating change; and\n(d)a summary of minutes of the meeting of the rating committee that decided on the rating change.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Inserted by Regulation (EU) No 462/2013 of the European Parliament and of the Council of 21 May 2013 amending Regulation (EC) No 1060/2009 on credit rating agencies (Text with EEA relevance)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2009/1060/annex/I/section/D/division/III/division/2",
    "retrieved_at": "2026-11-01T14:51:09.119056+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}