http://www.legislation.gov.uk/eur/2016/1799/article/7Commission Implementing Regulation (EU) 2016/1799 of 7 October 2016 laying down implementing technical standards with regard to the mapping of credit assessments of external credit assessment institutions for credit risk in accordance with Articles 136(1) and 136(3) of Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance)Commission Implementing Regulation (EU) 2016/1799Commission Implementing Regulation (EU) 2016/1799 of 7 October 2016 laying down implementing technical standards with regard to the mapping of credit assessments of external credit assessment institutions for credit risk in accordance with Articles 136(1) and 136(3) of Regulation (EU) No 575/2013 of the European Parliament and of the Council (Text with EEA relevance)King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:02016R1799-20191224texttext/xmlen2023-12-08Expert Participation2023-07-11 TITLE I <Strong>QUANTITATIVE FACTORS, QUALITATIVE FACTORS AND BENCHMARK</Strong> CHAPTER 2 <Strong> <Emphasis>Qualitative factors</Emphasis> </Strong> Qualitative factors of the mapping of a rating category Article 7 The qualitative factors referred to in point (b) of Article 136(2) of Regulation (EU) No 575/2013 shall be: the definition of default considered by the ECAI, as referred to in Article 8; the time horizon of a rating category considered by the ECAI, as referred to in Article 9; the meaning of a rating category and its relative position within the rating scale established by the ECAI, as referred to in Article 10; the creditworthiness of the items assigned the same rating category, as referred to in Article 11; the estimate provided by the ECAI of the long run default rate associated with all items assigned the same rating category, pursuant to point (a) of Article 136(2) of Regulation (EU) No 575/2013, as set out in Article 12; the relationship established by the ECAI (‘internal mapping’), where available, between, on the one hand, the rating category which is being mapped, and, on the other hand, other rating categories produced by the same ECAI, where a mapping for the latter categories has already been set out according to this Regulation, as referred to in Article 13; any other relevant information that can describe the degree of risk expressed by a rating category.