BANK 4.6.12 Ratings must be publicly available

(1) A credit rating assigned by an ECRA must be publicly available. If the rating assigned to a facility is not publicly available, the facility must be treated as unrated.

Note For the treatment of an eligible liquidity facility whose rating is not publicly available, see rule 4.6.30.
(2) The loss and cash flow analysis for the securitisation, and the sensitivity of the rating to changes in the assumptions on which it was made, must also be publicly available.
Inserted by QFCRA RM/2017-2 (as from 1st April 2017).