{"id":"F2007L02083","name":"Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2007 - MRS 130.2 - Off Balance Sheet Business - Charges Granted","slug":"financial-sector-collection-of-data-reporting-standard-determination-no-4-of-2007-mrs-130-2-off-bala","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":67161,"registerId":"commonwealth-F2007L02083-current","compilationNumber":null,"startDate":"2026-04-02","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"ATTACHMENT 1: Counterparty Grades","sectionType":"part","heading":"ATTACHMENT 1: Counterparty Grades","content":"# ATTACHMENT 1: Counterparty Grades\n\n| Grade | Standard & Poor’s | Moody’s      | AM Best    | Fitch        |\n| ----- | ----------------- | ------------ | ---------- | ------------ |\n| 1     | AAA               | Aaa          | A++        | AAA          |\n| 2     | AA+AAAA-          | Aa1Aa2Aa3    | A+         | AA+AAAA-     |\n| 3     | A+AA-             | A1A2A3       | AA-        | A+AA-        |\n| 4     | BBB+BBBBBB-       | Baa1Baa2Baa3 | B++B+      | BBB+BBBBBB-  |\n| 5     | BB+ or below      | Ba1 or below | B or below | BB+ or below |\n\nUnrated assets or exposures should be classified as Grade 4.\n\nMDOs should, in general, use the same rating agency for determining counterparty gradings. Where the MDO has counterparties with multiple ratings from two or more of the rating agencies in the table above, the MDO should consistently choose the ratings of a single agency whenever possible. For example, the MDO may have a number of counterparties that are rated by Standard & Poor’s and AM Best. In this case, the MDO should choose a single agency that will be consistently used whenever the individual ratings conflict.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":3011},"content_quality":"rejected","complexity_score":3,"rejection_reason":"The content provided is an incomplete fragment comprising only Attachment 1 (a counterparty grading table) without the main operative provisions, definitions, commencement clauses, or reporting obligations of the determination.","scope_assessment":{"changed":false,"description":"Unable to assess whether the scope has changed relative to the original intent, as only an attachment to the determination was provided without the principal provisions or explanatory memorandum."},"complexity_factors":["Incomplete fragment - only an attachment/schedules provided without principal provisions","Simple 5-grade classification system","Cross-references to external commercial credit rating agencies (Standard & Poor's, Moody's, AM Best, Fitch)","Conditional logic for handling multiple ratings and unrated exposures"],"plain_english_summary":"This attachment maps major credit-agency ratings (S&P, Moody’s, AM Best, Fitch) to numerical counterparty grades 1–5 for use in off-balance-sheet reporting of business with charges granted. Grade 1 is highest quality; Grade 5 is speculative; unrated assets default to Grade 4.  \n\nIt requires institutions (MDOs) to use a single rating agency consistently when multiple ratings exist."}},"importantCases":[],"_links":{"self":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-4-of-2007-mrs-130-2-off-bala","history":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-4-of-2007-mrs-130-2-off-bala/history","analysis":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-4-of-2007-mrs-130-2-off-bala/analysis","conflicts":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-4-of-2007-mrs-130-2-off-bala/conflicts","importantCases":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-4-of-2007-mrs-130-2-off-bala/important-cases","documents":"/api/acts/financial-sector-collection-of-data-reporting-standard-determination-no-4-of-2007-mrs-130-2-off-bala/documents"}}