# Commission Implementing Regulation (EU) 2016/1799 of 7 October 2016 laying down implementing technical standards with regard to the mapping of credit assessments of external credit assessment institutions for credit risk in accordance with Articles 136(1) and 136(3) of Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance), Article 2: Items used for the calculation of the quantitative factors

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

The calculation of the default rates referred to in Article 1 for each rating category shall be performed based solely on items assigned the same rating category by the external credit assessment institution (ECAI) for which the mapping is being performed, where the items meet all of the following requirements:
(a) they belong to the ‘corporate ratings’ referred to in point (a) of Article 3 of Delegated Regulation (EU) 2015/2, and they are assigned on an issuer basis;
(b) they are assigned either of the following:
(i) a solicited credit rating;
(ii) an unsolicited credit rating that meets the requirements of Article 138 of Regulation (EU) No 575/2013.

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Source: https://www.legislation.gov.uk/eur/2016/1799/article/2 (the official version)
Page: https://openlegislation.uk/eu-regulation-2016-1799/article-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.