# 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 2: LIST OF FIELDS FOR THE RATING DATA FILE

Extent: E+W+S+N.I.

Table 1
Data describing the rated entity/instrument
This table shall identify and describe all credit ratings issued by the credit rating agency and are to be reported for the scope of this Regulation. This table shall contain one line for each individual credit rating to be reported. Where it applies, for each credit rating line, one or more ‘Originators’ can be reported.
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 LEI
LEI code of the credit rating agency sending the file.
Mandatory.
ISO 17442
Public
3
Responsible CRA LEI
LEI code of the credit rating agency responsible for the rating, i.e. in case of:
a rating issued in the Union, the registered credit rating agency that has issued the rating,
an endorsed rating, the registered credit rating agency that endorsed the rating,
a rating issued by a certified credit rating agency, the certified credit rating agency,
a rating issued in a third country but not endorsed by a registered credit rating agency, the third country credit rating agency that issued the rating.
Mandatory.
ISO 17442
Public
4
Issuer CRA LEI
LEI code of the credit rating agency that issued the rating, that is to say in case of:
a rating issued in the Union, the registered credit rating agency,
an endorsed rating, the third country credit rating agency that has issued the endorsed rating,
a rating issued by a certified credit rating agency, the certified entity,
a rating issued in a third country but not endorsed by a registered credit rating agency, the third country credit rating agency that issued the rating.
Mandatory.
ISO 17442
Public
5
Rating identifier
Unique identifier of the rating, which shall be maintained unchanged over time. The rating identifier shall be unique in all reports to ESMA.
Mandatory.
Technical
6
Rating type
Identifies whether the rating is a corporate rating, a sovereign or public finance rating, a structured finance rating or other financial instrument rating. It shall be maintained unchanged over time.
Mandatory.
C — if the rating is applicable to corporate ratings
S — if the rating is applicable to sovereign ratings
T — if the rating is applicable to structured finance ratings
O — if the rating is applicable to other financial instruments.
Public
7
Other rating type
Describes the type of rated financial instrument that was reported in the ‘O’ rating type.
Mandatory.
Applicable for ‘Rating type’ = ‘O’.
Supervision only
8
Rated object
Specifies if the rating refers to an entity/issuer of debt or a debt issuance of a rated entity/financial instrument.
Mandatory.
ISR — the rating refers to an entity or issuer of debt
INT — the rating refers to a debt issuance/financial instrument.
Public
9
Time horizon
Identifies whether the rating is a short-term or a long-term rating. It shall be maintained unchanged over time.
Mandatory.
L — if the rating is a long-term rating
S — if the rating is a short-term rating.
Public
10
Country
Country code of the rated entity/instrument.
Mandatory.
ISO 3166-1 code.
The code ‘ZZ’ shall be used to identify the category ‘international’.
Public
11
Currency
Identifies whether the rating is expressed in respect of local or foreign currency.
Mandatory.
Applicable for ‘Rating type’ = ‘C’ or ‘S’
LC — in case of a local currency rating
FC — in case of a foreign currency rating.
Public
12
Legal entity/issuer LEI
LEI code of the legal entity/issuer. It shall be maintained unchanged over time.
Mandatory.
Applicable only if the rated entity is eligible for acquiring a LEI code.
ISO 17442
Public
13
Legal entity/issuer national fiscal code
Unique national fiscal code of the rated entity. It shall be maintained unchanged over time.
Optional.
If applicable.
Public
14
Legal entity/issuer value added tax (VAT) code
Unique national VAT code of the rated entity. It shall be maintained unchanged over time.
Optional.
If applicable.
Public
15
Legal entity/issuer Bank Identified Code (BIC)
Unique BIC of the rated entity. It shall be maintained unchanged over time.
Optional.
Applicable only for entities that represent financial institutions (‘Industry’ = ‘FI’ or ‘IN’).
ISO 9362
Public
16
Legal entity/issuer internal identifier
Unique internal identifier of the issuer. It shall be maintained unchanged over time.
Mandatory.
Supervision only
17
Legal entity/issuer name
It shall contain appropriate understandable reference to the legal name of the legal entity/issuer.
Mandatory.
Public
18
Parent legal entity/Issuer LEI
LEI code of the parent company. To be reported only in case the rated issuer is a subsidiary of another rated entity. It shall be maintained unchanged over time.
Mandatory.
Applicable if the rated entity/debt issuer is a subsidiary of another rated entity.
ISO 17442
Public
19
Parent legal entity/issuer internal identifier
Unique internal identifier of the parent entity/issuer. It shall be maintained unchanged over time.
Mandatory.
Applicable if the rated entity is a subsidiary of another rated entity.
Supervision only
20
Sub-sovereign Nomenclature of Territorial Units for Statistics (NUTS) code
Identifier of the city/region of the rated municipality/sub-sovereign.
Mandatory.
Applicable only for ‘Country’ is part of the Union and for ‘Rating type’ = ‘S’ and ‘Sector’ = ‘SM’
EUROSTAT nomenclature: NUTS 1 to 3
Public
21
ISIN
International Securities Identifying Number (ISIN) of the rated instrument. It shall be maintained unchanged over time.
Mandatory.
Applicable for ‘Rated object’ = ‘INT’ and if the rated instruments has an ISIN allocated.
ISO 6166
Public
22
Instrument unique identifier
A combination of instrument’s attributes that uniquely identifies the instrument.
Optional.
ESMA standard
Supervision only
23
Instrument internal identifier
Unique code to identify the financial instrument that is rated. It shall be maintained unchanged over time.
Mandatory.
Applicable for ‘Rated object’ = ‘INT’.
Supervision only
24
Issue/programme type
Indicates the issue/programme type of the rating.
Optional.
Applicable for ‘Rating type’ = ‘C’ or ‘S’ and ‘Rated object’ = ‘INT’.
Valid ‘Issue/programme type identifier’, previously reported in the ‘Issue/programme type list’.
Public
25
Issuer rating type
Specifies the issuer rating type.
Mandatory.
Applicable for ‘Rating type’ = ‘C’ and for ‘Rated object’ = ‘ISR’
Valid ‘Issuer rating type identifier’, previously reported in the ‘Issuer rating type list’.
Public
26
Debt category
Specifies the debt category for the rated issues or debts.
Mandatory.
Applicable for ‘Rating type’ = ‘C’ or ‘S’ and ‘Rated object’ = ‘ISR’ and ‘Issuer rating type’ = ‘DT’ or ‘Rated object’ = ‘INT’ if applies.
Valid ‘Rated debt classification identifier’, previously reported in the ‘Debt categories list’.
Public
27
Issuance date
Specifies the issuance date of the rated instrument or debt issuance. It shall be maintained unchanged over time.
Mandatory.
Applicable for ‘Rated object’ = ‘INT’.
ISO 8601 date format: (YYYY-MM-DD)
Supervision only
28
Maturity date
The maturity date of the rated instrument or debt issuance.
Mandatory.
Applicable for ‘Rated object’ = ‘INT’.
If perpetual: 9999-01-01.
ISO 8601 date format: (YYYY-MM-DD) or 9999-01-01
Supervision only
29
Outstanding issue volume
The outstanding issue volume at first rating issuance. The amount shall be reported in the currency of the issuance reported in ‘Outstanding issue volume currency code’.
Mandatory.
Applicable for ‘Rated object’ = ‘INT’.
Supervision only
30
Outstanding issue volume currency code
The code of the currency of the rated issue.
Mandatory.
Applicable for ‘Rated object’ = ‘INT’.
ISO 4217
Supervision only
31
Industry
Categorisation of the rated entity or debt issuances reported under the ‘corporate’ rating type in financial, insurance and non-financial corporates.
Mandatory.
Applicable for ‘Rating type’ = ‘C’.
FI — for financial institution rating including banks, brokers and dealers
IN — for insurance institution rating
CO — for corporate institution rating that is not included in ‘FI’ or ‘IN’
Public
32
Sector
Specifies subcategories for sovereign and public finance ratings.
Mandatory.
Applicable for ‘Rating type’ = ‘S’.
SV — for State rating
SM — for regional or local authority rating
IF — for international financial institution rating
SO — for supranational organisations rating other than ‘IF’
PE — for public entities rating.
Public
33
Asset class
Defines the main asset classes for structured finance ratings.
Mandatory.
Applicable for ‘Rating type’ = ‘T’.
ABS — for ABS rating
RMBS — for RMBS rating
CMBS — for CMBS rating
CDO — for CDO rating
ABCP — for ABCP rating
OTH — for other.
Public
34
Sub-asset
Defines the sub-asset classes for the structured finance ratings.
Mandatory.
Applicable for ‘Rating type’ = ‘T’.
CCS — if ABS: credit card receivable backed securities
ALB — if ABS: auto loan backed securities
CNS — if ABS: consumer loan backed security
SME — if ABS: small and medium-sized enterprises loan backed securities
LES — if ABS: leases to individual or business backed security
HEL — if RMBS: home equity loans
PRR — if RMBS: prime RMBS, NPR — if RMBS: non-prime RMBS
CFH — if CDO: cash flow and hybrid CDOs/CLOs
SDO — if CDO: synthetic CDOs/CLOs
MVO — if CDO: market value CDOs
SIV — if OTH: structured investment vehicles
ILS — if OTH: insurance-linked securities
DPC — if OTH: derivative product companies
SCB — if OTH: structured covered bonds
OTH — other.
Public
35
Other sub-asset class
Indicates the other asset or sub-asset class category.
Mandatory.
Applicable for ‘Rating-type’ = ‘T’ and ‘Sub-asset’ = ‘OTH’.
Supervision only
36
Corporate issues classifications
Classification of covered bonds.
Mandatory.
Applicable for ‘Rating type’ = ‘C’ and ‘Rated object’ = ‘INT’.
BND —bonds
CBR — covered bonds as referred to in Article 52(4) of Directive 2009/65/EC of the European Parliament and of the Council and that meet the eligibility requirements set out in Article 129 of Regulation (EU) No 575/2013
OCB — other types of covered bonds, for which the credit rating agency has used specific covered bonds methodologies, models or key rating assumptions for issuing the credit rating and which are not included in point (b) of Article 5(2) of this Regulation
OTH — other types of corporate issues which are not included in points (a), (b) and (c) of Article 5(2) of this Regulation..
Public
37
Other corporate issues
Describes the type of issue reported under the ‘other’ category of corporate issues.
Mandatory.
Applicable for ‘Corporate issues classifications’ = ‘OTH’.
Supervision only
38
Tranche class
Class of the tranche.
Mandatory.
Applicable for ‘Rating type’ = ‘T’.
Public
39
Series No/programme ID
In case the issue is part of a series of multiple issuances under the same programme, it shall specify the issue’s specific series number. Programme ID could be added, where this exists, to complement the ‘Programme/deal/issuance name’.
Optional.
Applicable for ‘Rating type’ = ‘T’ or ‘Rating type = ‘C’ and ‘Rated object’ = ‘INT’.
Public
40
Programme/deal/issuance name
Specifies the programme/deal/issuance name used in the public issuance documents
Optional.
Applicable for ‘Rated object’ = ‘INT’.
Public
41
Originators
Originator internal identifier
Unique internal code assigned by the credit rating agency to the originator.
Mandatory.
Applicable for ‘Rating type’ = ‘T’.
In case of multiple originators that cannot be individually identified, ‘MULTIPLE’ should be reported.
Supervision only
42
Originator LEI
LEI code of the originator.
Mandatory.
Applicable for ‘Rating type’ = ‘T’ and ‘Originator Internal Identifier ’ is not ‘MULTIPLE’.
ISO 17442
Supervision only
43
Originator BIC code
Unique BIC of the originator.
Optional.
Applicable for ‘Rating type’ = ‘T’ and ‘Originator Internal Identifier ’ is not ‘MULTIPLE’.
ISO 9362
Supervision only
44
Originator name
It shall contain appropriate understandable reference to the legal name of the originator (or the parent company of the issuer).
Mandatory.
Applicable for ‘Rating type’ = ‘T’ and ‘Originator internal identifier ’ is not ‘MULTIPLE’.
Supervision only
45
Preceding preliminary rating
For all the new ratings it specifies if the credit rating agency issued a preliminary rating or initial review before issuing the final rating.
Mandatory.
Applicable for ‘Action type’ = ‘NEW’ in Table 2 of Part 2
Y — yes
N — no
Supervision only
46
Preceding preliminary rating identifier
Indicates the rating identifier of the preceding issued preliminary rating or initial review. The ‘Preceding preliminary rating identifier’ should correspond to an already reported valid preliminary rating ‘Rating identifier’.
Mandatory.
Applicable for ‘Preceding preliminary rating’ = ‘Y’
Supervision only
47
Complexity indicator
Indicates the complexity grade assigned to a structured finance rating considering factors such as the number of originators, counterparties, countries, the need to develop new methodologies or new innovative features, credit enhancements, underlying documentation, complex collateral, different or new jurisdictions and/or existence of derivative components amongst other factors that may be considered relevant by the CRA when it is assessing the complexity of a rating service.
Mandatory.
Applicable for ‘Rating type’ = ‘T’.
S — standard complexity
C — additional complexity
Supervision only
48
Structured finance transaction type
Indication of whether the instrument refers to a stand-alone or master-trust.
Mandatory.
Applicable for ‘Rating type’ = ‘T’.
S — stand-alone transaction
M — master trust transaction
Supervision only
49
Type of rating for ERP
Identifies the credit ratings that fall under the scope of ERP, based on the requirements set out in Article 11a of the Regulation (EC) No 1060/2009.
Mandatory.
NXI — the rating is not exclusively produced for and disclosed to investors for a fee
EXI — the rating is exclusively produced for and disclosed to investors for a fee
Technical
50
Relevant for CEREP statistics calculation
Indicates if the rating shall be used for CEREP statistics calculation.
Mandatory.
Y — yes
N — no
Technical
Table 2
Data about the individual credit rating actions
This table contains all the rating actions that are issued in relation to the credit ratings reported in Table 1. Where the press releases or the sovereign research reports are issued in multiple languages, multiple versions of the press releases or the sovereign research reports can be reported for the same rating action.
No
Field name
Description
Type
Standard
Scope
1
Rating action identifier
Unique identifier of the rating action. Rating action identifier shall be unique per each reported rating.
Mandatory.
Technical
2
Rating identifier
Unique identifier of the rating.
Mandatory.
Should be a valid ‘Rating identifier’ reported in Table 1 of Part 2
Technical
3
Action validity date and time
The date and time of validity of the action. This shall coincide with the Coordinated Universal Time (UTC) of publication of the action or distribution by subscription.
Mandatory.
ISO 8601 extended date time format: YYYY-MM-DD (HH:MM:SS)
Public
4
Action communication date and time
The date and time of communication of the action to the rated entity.
It shall be expressed as Coordinated Universal Time (UTC). Should be reported only for the ratings issued in the Union.
Mandatory.
Applicable for ‘Location of the rating issuance ’ = ‘I’.
ISO 8601 extended date time format: YYYY-MM-DD (HH:MM:SS)
Supervision only
5
Action decision date
Identifies the date when the action is decided.
It shall be the date of preliminary approval (such as by the rating committee) of the action where this is then communicated to the rated entity before final approval.
Should be reported only for the ratings issued in the Union.
Mandatory.
Applicable for ‘Location of the rating issuance ’ = ‘I’.
ISO 8601 date format: (YYYY-MM-DD)
Supervision only
6
Action type
Identifies the type of action carried out by the credit rating agency with respect to a specific rating.
Mandatory.
OR — in case of outstanding rating (only for first time reporting)
PR — in case of preliminary rating
NW — in case the rating is issued for the first time
UP — in case the rating is upgraded
DG — in case the rating is downgraded
AF — in case the rating is affirmed
DF — in case a rated issuer or instrument is assigned to or removed from a default status and the default is not linked with another rating action
SP — in case the rating is suspended
WD — in case the rating is withdrawn
OT — in case the rating is placed to or removed from the outlook/trend status
WR — in case the rating is placed to or removed from the watch/review status
Public
7
Outlook/watch/default status
An outlook/watch/suspension/default status is assigned, kept or removed with respect to the rating,
Mandatory.
Applicable for ‘Action type’ = ‘OT’,’WR’, ‘DF’, ‘SP’ or ‘OR’
P — status is placed
M — status is maintained
R — status is removed
Public
8
Outlook
Identifies the outlook/trend assigned to a rating by the CRA according to its relevant policy.
Mandatory.
Applicable for ‘Action type’ = ‘OT’ and ‘OR’
POS — in case of a positive outlook
NEG — in case of a negative outlook
EVO — in case of an evolving or developing outlook
STA — in case of a stable outlook
Public
9
Watch/Review
Identifies the watch or review status assigned to a rating by the CRA according to its relevant policy.
Mandatory.
Applicable for ‘Action type’ = ‘WR’ and ‘OR’
POW — in case of a positive watch/review
NEW — in case of a negative watch/review
EVW — in case of an evolving or developing watch/review
UNW — in case of a watch/review with uncertain direction
Public
10
Watch/Review determinant
Identifies the reason for the watch/review status of a rating. Should be reported only for the ratings issued in the Union.
Mandatory.
Applicable for ‘Action type’ = ‘WR’ and ‘OR’ and ‘Location of the rating issuance ’ = ‘I’.
1 — where the watch/review status is due to changes in methodologies, models or key rating assumptions
2 — where the watch/review status is due to economic, financial or credit reasons
3 — where the watch or review status is due to other reasons (e.g. departure of analysts, occurrence of conflicts of interests)
Public
11
Withdrawal reason
Identifies the reason of a withdrawal action.
Mandatory.
Applicable for ‘Action Type’ = ‘WD’
1 — in case of incorrect or insufficient information on issuer/issue
2 — in case of bankruptcy of the rated entity or debt restructuring
3 — in case of reorganisation of rated entity (including the merger or acquisition of the rated entity)
4 — in case of the end of maturity of the debt obligation, or in case the debt is redeemed, called, prefunded, cancelled
5 — in case of automatic invalidity of rating due to business model of CRA (such as expiry of ratings valid for a predetermined period)
6 — in case of rating withdrawal due to other reasons
7 — in case the rating is affected by one of the points specified in Annex I, Section B, Point 3 of the Regulation (EC) No 1060/2009
8 — in case of client’s request
Public
12
Other withdrawal reason
Where the rating was withdrawn due to other reasons than the ones provided, please specify the reason
Mandatory.
Applicable for ‘Withdrawal reason’ = 6
Supervision only
13
Default flag
Where the rated entity or the financial instrument is defaulted or removed from default as a result of another rating action (i.e.: upgrade, downgrade)
Mandatory.
Applicable for ‘Action type’ = ‘AF’, ‘DG’, ‘UP’ or ‘OR’
Y — yes
N — no
Public
14
Suspension reason
Specifies the reason for a suspension action.
Mandatory.
Applicable for ‘Action type’ = ‘SP’
Public
15
Rating scale identifier
Identifies the rating scale used for issuing the rating action.
Mandatory.
Applicable for ‘Action type’ = ‘NW’ or ‘UP’ or ‘AF’ or ‘DG’ or ‘PR’ or ‘OR’
Valid ‘Rating scale identifier’, previously reported in the ‘Rating scale’ table.
Public
16
Rating value
Notch value assigned by the credit rating agency as a result of the rating action.
Mandatory.
Applicable for ‘Action type’ = ‘NW’ or ‘UP’ or ‘AF’ or ‘DG’ or ‘PR’ or ‘OR’
Valid ‘Notch value’, previously reported in the ‘Rating scale’ table.
Public
17
Location of the rating issuance
Specifies the location of the issuance of the credit ratings by: ratings issued in the Union by a registered credit rating agency, ratings issued by third country credit rating agency belonging to the same group of credit rating agencies and endorsed in the Union, ratings issued by certified credit rating agencies or ratings issued by third country credit rating agency belonging to the same group of credit rating agencies but not endorsed in the Union.
Mandatory.
I — issued in the Union
E — endorsed
T — issued in a third country by a certified CRA
O — other (not endorsed)
N — not available (only valid before 1.1.2011).
Public
18
Lead analyst identifier
Unique identifier of the lead analyst responsible for the rating. Should be reported only for the ratings issued in the Union.
Mandatory.
Applicable for ‘Location of the rating issuance ’ = ‘I’.
Valid ‘Lead analyst internal identifier’, previously reported in the ‘Lead analysts list’.
Supervision only
19
Country of the lead analyst
Identifies the country of the office where the responsible lead analyst was located when issuing the rating.
Mandatory.
Applicable for ‘Location of the rating issuance ’ = ‘I’.
ISO 3166-1 code.
Supervision only
20
Solicitation status
Solicitation status of the rated entity/instrument.
Mandatory.
S — if the rating is solicited,
U — if the rating is unsolicited without participation
P — if the rating is unsolicited with participation.
Public
21
Press release
Press release
Specifies if the rating action was accompanied by a press release.
Mandatory.
Applicable for ‘Type of rating for ERP’ = ‘NXI’.
Y — yes
N — no.
Public
22
Press release language
Indicates the language in which the press release was issued.
Mandatory.
Applicable for ‘Press release’ = ‘Y’.
ISO 639-1
Public
23
Press release file name
Indicates the file name under which the press release was reported.
Mandatory.
Applicable for ‘Press release’ = ‘Y’.
ESMA standard
Public
24
Link to press release
Where the rating action is accompanied by the same press release as another rating action, it should state the ‘Action identifier’ for the action for which the common press release was firstly submitted.
Mandatory.
Applicable for press releases that relate to more than one rating action.
Valid ‘Action identifier’
Technical
25
Research report
Research report
Specifies if the rating action was accompanied by a research report. Applicable only for sovereign ratings reported under the sector: ‘SV’ or ‘SM’ or ‘IF’
Mandatory.
Applicable for ‘Rating type’ = ‘S’ and ‘Sector’ = ‘SV’ or ‘SM’ or ‘IF’
Y — yes
N — no
Public
26
Research report language
Indicates the language under which the research report was issued.
Mandatory.
Applicable for ‘Sovereign Research Report’ = ‘Y’
ISO 639-1
Public
27
Research report file name
Indicates the file name under which the research report was reported.
Mandatory.
Applicable for ‘Sovereign Research Report’ = ‘Y’
ESMA standard
Public
28
Link to research report
Where the rating is accompanied by the same research report as another rating action, it should state the ‘Action identifier’ for the action for which the common research report was firstly submitted.
Optional.
Valid ‘Action identifier’
Technical

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Source: https://www.legislation.gov.uk/eur/2015/2/annex/I/part/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2015-2/annex-I/part-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.