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Article 269 › 2

CRR
REGULATION (EU) No 575/2013 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (Text with EEA relevance) · European Union

An institution shall use credit assessments consistently and not selectively in respect of its securitisation positions, in accordance with the following principles: (a) an institution may not use an ECAI's credit assessments for its positions in some tranches and another ECAI's credit assessments for its positions in other tranches within the same securitisation that may or may not be rated by the first ECAI; (b) where a position has two credit assessments by nominated ECAIs, the institution shall use the less favourable credit assessment; (c) where a position has more than two credit assessments by nominated ECAIs, the two most favourable credit assessments shall be used. If the two most favourable assessments are different, the less favourable of the two shall be used; (d) an institution shall not actively solicit the withdrawal of less favourable ratings.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04