Skip to main content

E. Resources

C 52/2017 STA Effective from 1/4/2021

13.ECAI should possess sufficient human and technical resources to produce high quality credit ratings. Evidence of resource sufficiency includes:

  1. (i)Technical expertise of the people should be sufficient to conduct the analysis to support the assignment of ratings, and to maintain contact with senior and operational levels within the entities that are rated. In particular, ECAIs should assign analysts with appropriate knowledge and experience to assess the creditworthiness of the type of entity or obligation being rated; and
  2. (ii)With respect to technical resources, an ECAI is expected to apply quantitative techniques and models that can appropriately process and analyze the quantities of data required to support the rating process.