May short-term issuer ratings be used to assign risk weights in the context of article 131?

A client maintains that short-term issuer ratings may be used to assign risk weights in the context of article 131 because in French the article refers to 'Les expositions sur des établissements et des entreprises pour lesquels il existe une évaluation de crédit à court terme...'. The word 'lesquels' seems to refer to the issuers (institutions and corporates) because 'expositions' is feminine and the word would be 'lesquelles' if it referred to the exposures. 'Des établissements et des entreprises' is masculine, like 'lesquels'. As written in French the phrase could be read as 'exposures to institutions for which a short-term issuer rating exists and exposures to corporates for which a short-term issuer rating exists...'.

Please note that as part of adjustments to the Single Rulebook Q&A process, agreed by the EBA and the European Commission, it has been decided to reject outstanding questions submitted before 1 January 2020, when the Q&A process was updated as part of the last ESAs Review. In particular, the question that you have submitted has now regrettably been rejected and will not be addressed.

If you believe your question would still benefit from clarification, you are invited to resubmit your question, adapting it to reflect any legislative, regulatory or other relevant developments that may have occurred since the initial date of submission. The EBA will aim to address resubmitted questions as a matter of priority. When considering to resubmit, you are kindly requested to observe the updated admissibility criteria agreed in the context of the adjustment of the Q&A process, available in the Additional background and guidance for asking questions. We hope for your understanding.

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