(i) Coverage of Ratings
CA-5.8.34
For corporate, sovereign, and bank exposures, each borrower and all recognised guarantors must be assigned a rating and each exposure must be associated with a facility rating as part of the loan approval process. Similarly, for retail, each exposure must be assigned to a pool as part of the loan approval process.
Apr 08CA-5.8.35
Each separate legal entity to which the bank is exposed must be separately rated. A bank must have policies acceptable to CBB regarding the treatment of individual entities in a connected group including circumstances under which the same rating may or may not be assigned to some or all related entities.
Apr 08
