The European Banking Authority (EBA) has published its future work plan on credit assessments issued by External Credit Assessment Institutions (ECAIs). The EBA’s future work on ECAIs will focus on the following:

  • mapping and decision on unsolicited ratings for newly registered or certified ECAIs as well as assessment of ECAIs originally issuing only solicited ratings and subsequently assigning unsolicited ratings. This phase of work is ongoing;
  • monitoring the ECAIs’ mappings. This phase of work has started and will continue over time to ensure that the underlying credit assessments continue to reflect and predict the risks of rated exposures in a consistent manner across rating agencies; and
  • monitoring unsolicited credit assessments of ECAIs covered in the EBA Decision on unsolicited credit assessments.

View EBA roadmap on monitoring ECAIs, 18 July 2017