# Commission Delegated Regulation (EU) 2015/2 of 30 September 2014 supplementing Regulation (EC) No 1060/2009 of the European Parliament and of the Council with regard to regulatory technical standards for the presentation of the information that credit rating agencies make available to the European Securities and Markets Authority (Text with EEA relevance), Part 1: LIST OF FIELDS FOR THE QUALITATIVE DATA FILE Extent: E+W+S+N.I. Table 1 CRA identification and methodology description This table shall include the elements that provide the identification of the reporting credit rating agency including the legal identification, methodology and policies used. This table shall contain one line for each reporting credit rating agency. No Field name Description Type Standard Scope 1 CRA identifier Code used to identify the reporting credit rating agency. It is provided by ESMA upon registration or certification. Mandatory. Technical 2 Reporting CRA Global Legal Entity Identifier (LEI) LEI code of the credit rating agency sending the file. Mandatory. ISO 17442 Public 3 CRA name Name used to identify the credit rating agency. It shall correspond to the name used by the credit rating agency in the registration process and all other supervisory procedures within ESMA. Where one member of a group of credit rating agencies reports for the whole group it shall be the name referring to the group of credit rating agencies. Mandatory. Public 4 CRA Description Brief description of the credit rating agency. Mandatory. Public 5 CRA Methodology Description of the credit rating agency’s rating methodology. The credit rating agency can describe unique features of its rating methodology. Mandatory. Public 6 Link to CRA website methodology page The link to the credit rating agency’s web page that contains all information related to the methodologies, and descriptions of models and key rating assumptions. Mandatory. Valid web page reference. Public 7 Solicited and unsolicited ratings policies Description of the credit rating agency’s policy on solicited and unsolicited with or without participation ratings. If more than one policy exists, the relevant rating types applicable to each policy shall be specified. Mandatory. Public 8 Subsidiary ratings policy Description of policy regarding the reporting of the rating of subsidiaries. Mandatory. Applicable for credit rating agencies issuing corporate ratings. Public 9 Geographical reporting scope In the case of a credit rating agency part of a group, they should mention whether they report all the ratings issued by the group (global scope) or not (only the EU and endorsed ratings). Where the coverage is not global, the credit rating agency shall explain why not. For all other CRAs it should be reported as ‘global’ (‘Y’). Mandatory. Y — yes N — no Public 10 Reason for non-global scope The reason why a credit rating agency which is part of a group, does not report all the ratings of the group. Mandatory. Applicable when ‘Geographical reporting scope’ = ‘N’ Public 11 Definition of default Describes the definition of default used by the credit rating agency. Mandatory. Public 12 Website link Link to the home page of credit rating agency’s public website. Mandatory. Valid web page reference. Public Table 2 Issuer rating types list This table shall be completed where the credit rating agency is issuing issuer credit ratings. The table shall have one line for each type of rating that is issued by the credit rating agency at issuer level. No Field name Description Type Standard Scope 1 Issuer rating type identifier Unique identifier for each issuer rating type that a rated entity can be assessed on. Mandatory. Applicable if the credit rating agency is issuing issuer ratings. Technical 2 Issuer rating type name Name of the issuer rating category. Mandatory. Technical 3 Issuer rating type description Description of the rated debt category. Mandatory. Technical 4 Issuer rating type standard This should distinguish the types of issuer ratings in: the main/global issuer credit rating, the debt rating type (the different categories will be described in Table 2, Part 2, Annex 1) and all other issuer debt ratings. Mandatory. IR — Main issuer rating DT — Debt rating OT — Other Technical Table 3 Debt categories list This table shall be completed where the credit rating agency is rating debt categories or debt issues/instruments (such as senior unsecured debt, subordinated unsecured debt, junior subordinated unsecured debt). The table shall have one line for each type of debt. No Field name Description Type Standard Scope 1 Rated debt classification identifier Unique identifier for each debt category used for classifying the corporate and sovereign issuer debt categories or debt issues. Mandatory. Applicable if the rating agency is rating corporate or sovereign debt categories Technical 2 Rated debt classification name Name of the rated debt category. Mandatory. Technical 3 Rated debt classification description Description of the rated debt category. Mandatory. Technical 4 Seniority Identifies the seniority of the debt class of the rated issuer or issue. Optional. SEU — in case the rated issuer debt or the issue belongs to the senior unsecured debt category SEO — in case the rated issuer or the issue belongs to a senior debt category other than SEU SB — in case the issuer debt or the issue belongs to a subordinated debt category. Technical Table 4 Issue/programme types list This table shall be completed where the credit rating agency is rating debt issues/financial instruments.. The credit rating agency shall list all issue types or programmes under which the debts are issued, (such as note, medium term note, bonds, commercial paper). The table shall have one line for each such programme or issue type. No Field name Description Type Standard Scope 1 Issue/programme type identifier Unique identifier for each issue/programme used for classifying the issue ratings. Mandatory. Applicable if the credit rating agency is rating corporate or sovereign issues. Technical 2 Issue/programme type name Issue/programme name. Mandatory. Technical 3 Issue/programme type description Issue/programme description. Mandatory. Technical Table 5 Lead analysts list This table shall contain a list of all the lead analysts that operate in the Union. If a lead analyst worked in different time periods as a lead analyst (with time gaps in between) then the lead analyst should be reported in the table multiple times: one for each lead analyst appointment period. The start and end date of allocation to the function shall not overlap for the same lead analyst. The table shall contain one line for each lead analyst and distinct function period. No Field name Description Type Standard Scope 1 Lead analyst internal identifier Internal unique identifiers of the staff member who is appointed in the analyst function by the credit rating agency. Mandatory. Supervision only 2 Lead analyst name Lead analyst full name. Mandatory. Supervision only 3 Lead analyst start date The start date of the staff member in the lead analyst function. Mandatory. ISO 8601 date format (YYYY-MM-DD) Supervision only 4 Lead analyst end date The end date of the staff member in the lead analyst function If the staff member is currently working in the lead analyst function, it should be reported as 9999-01-01. Mandatory. ISO 8601 date format (YYYY-MM-DD) or 9999-01-01 Supervision only Table 6 Rating scale This table shall contain the description of all the credit rating scales used by the credit rating agencies for issuing credit ratings to be reported under this Regulation. The credit rating agencies shall report one line for each credit rating scale. For each credit rating scale reported, information about one or more rating categories can be reported in the ‘Categories’ sub-table and about one or more notches can be reported in the ‘Notches’ sub-report. No Field name Description Type Standard Scope 1 Rating scale identifier Identifies uniquely a specific rating scale of the credit rating agency. Mandatory. Technical 2 Rating scale validity start date The date at which the rating scale starts being valid. Mandatory. ISO 8601 date format (YYYY-MM-DD) Public 3 Rating scale validity end date The last date when a rating scale is valid. For the rating scale that re currently valid, it should be reported as 9999-01-01. Mandatory. ISO 8601 date format (YYYY-MM-DD) or 9999-01-01 Public 4 Description of the rating scale Description of the type of ratings included in the scale, including the geographical scope where relevant. Mandatory. Public 5 Time horizon Identifies the applicability of the rating scale based on the time horizon. Mandatory. L — where the rating scale is applicable to long-term ratings S – where the rating scale is applicable to short-term ratings Public 6 Rating type Identifies the applicability of the rating scale based on the rating type. Mandatory. C — where the rating scale is applicable to corporate ratings S — where the rating scale is applicable to sovereign & public finance ratings T — where the rating scale is applicable to structured finance ratings O – where the rating scale is applicable to other financial instruments Public 7 Rating scale scope Specifies if the rating scale is used for issuing preliminary ratings, final ratings or both. Mandatory. PR — rating scale is used for issuing preliminary ratings only FR — rating scale is used for issuing final ratings only BT — rating scale is used for issuing preliminary and final ratings Public 8 Rating scale used for CEREP Indicates if the rating is to be used by ESMA for the central repository (CEREP) statistics calculations. For any given period, only one rating scale per combination of rating type and time horizon can be used. Mandatory. Y — yes N — no Technical 9 Categories Rating category value Order of the rating category in the rating scale (where 1 is correspondent to the category that represents the best creditworthiness). Mandatory. The ordinal is an integer value with minimum value 1 and a maximum value of 20. The declaration of the rating categories values must be consecutive. There must be as a minimum one rating category for each rating. Public 10 Rating category label Identifies a specific rating category within the rating scale. Mandatory. Public 11 Rating category description Definition of the rating category in the rating scale. Mandatory. Public 12 Notches Notch value Order of the notch in the rating scale (where 1 is correspondent to the notch that represents the best creditworthiness). Mandatory. The notch value is an integer with minimum value 1 and a maximum value of 99. Values provided must be consecutive. There must be as a minimum one rating notch for each rating. Public 13 Notch label Identifies a specific notch within the rating scale. Notches provide additional detail to the rating category. Mandatory. Public 14 Notch description Description of the notch in the rating scale. Mandatory. Public --- Source: https://www.legislation.gov.uk/eur/2015/2/annex/I/part/1 (the official version) Page: https://openlegislation.uk/eu-regulation-2015-2/annex-I/part-1 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.