2.

For exposures to corporates, institutions and central governments and central banks, and for equity exposures where an institution uses the PD/LGD approach set out in Article 155(3), institutions shall collect and store: complete rating histories on obligors and recognised guarantors; the dates the ratings were assigned; the key data and methodology used to derive the rating; the person responsible for the rating assignment; the identity of obligors and exposures that defaulted; the date and circumstances of such defaults; data on the PDs and realised default rates associated with rating grades and ratings migration.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as adopted (Official Journal); later amendments are not incorporated in this text.