XXXXXXXXX XXXXXXXX XXXXXX (XX) 2018/634
ze xxx 24. xxxxx 2018,
xxxxxx se xxxx xxxxxxxxx nařízení (XX) 2016/1799, xxxxx xxx x xxxxxxx xxxxxxxxxxx xxxxxxxxxxx xxxxxxxxx úvěrových xxxxx xx xxxxxxxxx xxxxxxxxxxx xxxxxxx xx xxxxxxx xxxxxxx xxxxxxx xxxxxxxxxx x xxxxxxxx Evropského xxxxxxxxxx a Rady (EU) x. 575/2013
(Xxxx s xxxxxxxx xxx XXX)
EVROPSKÁ KOMISE,
x xxxxxxx xx Smlouvu o fungování Xxxxxxxx xxxx,
s ohledem xx xxxxxxxx Xxxxxxxxxx xxxxxxxxxx x Xxxx (XX) č. 575/2013 xx dne 26. xxxxxx 2013 x xxxxxxxxxxxxxxx požadavcích xx xxxxxxx xxxxxxxxx a investiční xxxxxxx (1), a zejména xx xx. 136 xxxx. 1 xxxxx xxxxxxxxxxx uvedeného nařízení,
vzhledem x xxxxx xxxxxxx:
|
(1) |
Xxxxxxxxx xxxxxxxx Xxxxxx (EU) 2016/1799 (2) x xxxxxxx III upřesňuje, xxxx xxxxxx úvěrové xxxxxxx xxxxxxxxx v části xxxxx hlavě XX xxxxxxxx 2 xxxxxx 2 xxxxxxxx (XX) x. 575/2013 xxxxxxxxxx příslušným xxxxxxxx xxxxxxxxxx xx xxxxxxxxx ratingových agentur („xxxxxxxxxxx“). |
|
(2) |
Xx xxxx, xxx xxxx xxxxxxx xxxxxxxxx xxxxxxxx (XX) 2016/1799, xxxx xxxxxxxxxxxx xxxx xxxxxxxxxxxxx xxxxx xxxxxxxxx xxxxxxxx v souladu s nařízením Xxxxxxxxxx xxxxxxxxxx x Xxxx (XX) č. 1060/2009 (3). Kromě xxxx xxxx zrušena xxxxxxxxxx xxxxx z externích xxxxxxxxxxx xxxxxxx, pro xxxxxx xxxx x xxxxxxxxxx xxxxxxxx (EU) 2016/1799 xxxxxxxxx xxxxxxxxx úvěrových xxxxxxxxx. Xxxxxxxx x xxxx, xx xxxxx ustanovení xx. 136 xxxx. 1 xxxxxxxx (XX) x. 575/2013 má xxx pro všechny xxxxxxx ratingové agentury xxxxxxxxx xxxxxxxxxxx xxxxxxxxx xxxxxxxxx, je xxxxxxxx xxxxxx prováděcí xxxxxxxx (XX) 2016/1799 xxx, xxx xxxxxxxxxx xxxxxxxxxxx xxx xxxx registrované xxxx certifikované xxxxxxx xxxxxxxxx agentury, x xxxxxxxxx x xxx xxxxxxxxxxx xxxxxxxxx xxxxxxxxxxx xxxxxxx, xxxxxx xxxx xxxxxxx registrace. |
|
(3) |
Toto xxxxxxxx xxxxxxx z návrhu xxxxxxxxxxx xxxxxxxxxxx xxxxx, xxxx Xxxxxx společně xxxxxxxxxx Xxxxxxxx xxxxx xxx xxxxxxxxxxxx, Xxxxxxxx xxxxx pro xxxxx xxxxxx a trhy x Xxxxxxxx xxxxx xxx pojišťovnictví x xxxxxxxxxxxxx penzijní pojištění (xxxx xxx „xxxxxxxx xxxxxx dohledu“). |
|
(4) |
X xxxxxx xxxxxxxxxxx xxxxxxxxxxx xxxxx, x xxxxx xxxx xxxxxxxx xxxxxxx, xxxxxxxxxxx xxxxxxxx xxxxxx xxxxxxx xxxxxxxx veřejné xxxxxxxxxx, xxxxxxxxxxx xxxxxxxxxxx xxxxxxxxxxx xxxxxxx x xxxxxxx x xxxxxxxx xx xxxxxxxxxx xxxxxxx xxxxxxxx působících x xxxxxxxxxxxx xxxxxxx xxxxx xxxxxx 37 xxxxxxxx Evropského xxxxxxxxxx x Xxxx (EU) x. 1093/2010 (4), xxxxxxx subjektů xxxxxxxxxx x xxxxxxx xxxxxxx xxxxxx x xxxx zřízené x xxxxxxx x xxxxxxx 37 nařízení Xxxxxxxxxx parlamentu a Rady (XX) x. 1095/2010 (5) x xxxxxxx xxxxxxxx působících x xxxxxxx xxxxxxxxx a zajištění xxxxxxx xx xxxxxxx článku 37 xxxxxxxx Xxxxxxxxxx parlamentu x Xxxx (EU) x. 1094/2010 (6). |
|
(5) |
Prováděcí xxxxxxxx (XX) 2016/1799 xx proto xxxx xxx xxxxxxxxxxxxx způsobem xxxxxxx, |
XXXXXXX XXXX XXXXXXXX:
Xxxxxx 1
Xxxxx xxxxxxxxxxx xxxxxxxx (XX) 2016/1799
Xxxxxxx XXX xxxxxxxxxxx xxxxxxxx (EU) 2016/1799 xx nahrazuje xxxxxx uvedeným v příloze xxxxxx xxxxxxxx.
Xxxxxx 2
Xxxxx x xxxxxxxx
Xxxx xxxxxxxx xxxxxxxx x xxxxxxxx xxxxxxxx xxxx xx vyhlášení x Xxxxxxx xxxxxxxx Xxxxxxxx xxxx.
Xxxx xxxxxxxx xx xxxxxxx x xxxxx xxxxxxx x xxxxx použitelné xx xxxxx xxxxxxxxx xxxxxxx.
X Xxxxxxx xxx 24. xxxxx 2018.
Za Xxxxxx
xxxxxxxx
Xxxx-Xxxxxx XXXXXXX
(1) Úř. věst. L 176, 27.6.2013, s. 1.
(2)&xxxx;&xxxx;Xxxxxxxxx xxxxxxxx Xxxxxx (XX) 2016/1799 xx xxx 7.&xxxx;xxxxx&xxxx;2016, xxxxxx xx stanoví xxxxxxxxx xxxxxxxxx xxxxx, pokud xxx x&xxxx;xxxxxxxxxxx xxxxxxxxx xxxxxxxxx od externích xxxxxxxxxxx xxxxxxx xxx xxxxx xxxxxxxxx xxxxxx xxx xx.&xxxx;136 odst. 1 x&xxxx;3 nařízení Xxxxxxxxxx xxxxxxxxxx a Rady (EU) x.&xxxx;575/2013 (Xx.&xxxx;xxxx.&xxxx;X&xxxx;275, 12.10.2016, x.&xxxx;3).
(3)&xxxx;&xxxx;Xxxxxxxx Xxxxxxxxxx xxxxxxxxxx x&xxxx;Xxxx (XX) x.&xxxx;1060/2009 xx xxx 16. září 2009 x&xxxx;xxxxxxxxxxx xxxxxxxxxx (Xx.&xxxx;xxxx.&xxxx;X&xxxx;302, 17.11.2009, s. 1).
(4) Nařízení Evropského xxxxxxxxxx x&xxxx;Xxxx (XX) x.&xxxx;1093/2010 xx dne 24.&xxxx;xxxxxxxxx&xxxx;2010 x&xxxx;xxxxxxx Xxxxxxxxxx xxxxxx xxxxxxx (Evropského xxxxxx xxx xxxxxxxxxxxx), o změně xxxxxxxxxx č. 716/2009/ES x&xxxx;x&xxxx;xxxxxxx xxxxxxxxxx Xxxxxx 2009/78/XX (Xx.&xxxx;xxxx.&xxxx;X&xxxx;331, 15.12.2010, x.&xxxx;12).
(5) Nařízení Xxxxxxxxxx xxxxxxxxxx x&xxxx;Xxxx (XX) x.&xxxx;1095/2010 xx dne 24.&xxxx;xxxxxxxxx&xxxx;2010 x&xxxx;xxxxxxx Evropského xxxxxx xxxxxxx (Xxxxxxxxxx orgánu xxx xxxxx xxxxxx x&xxxx;xxxx), o změně xxxxxxxxxx x.&xxxx;716/2009/XX x&xxxx;x&xxxx;xxxxxxx rozhodnutí Xxxxxx 2009/77/XX (Xx.&xxxx;xxxx.&xxxx;X&xxxx;331, 15.12.2010, x.&xxxx;84).
(6)&xxxx;&xxxx;Xxxxxxxx Evropského xxxxxxxxxx x&xxxx;Xxxx (XX) č. 1094/2010, xx xxx 24. listopadu 2010 x&xxxx;xxxxxxx Xxxxxxxxxx orgánu xxxxxxx (Xxxxxxxxxx xxxxxx xxx pojišťovnictví x&xxxx;xxxxxxxxxxxxx xxxxxxxx xxxxxxxxx), x&xxxx;xxxxx xxxxxxxxxx x.&xxxx;716/2009/XX a o zrušení xxxxxxxxxx Xxxxxx 2009/79/XX (Xx.&xxxx;xxxx.&xxxx;X&xxxx;331, 15.12.2010, s. 48).
XXXXXXX
XXXXXXX XXX
Tabulky xxxxxxxxxxx xxxxxxx hodnocení pro xxxxx xxxxxx 16
|
Stupeň xxxxxxxxx xxxxxxxxx (xxxxxx xxxxxxx xxxxxxx) |
1 |
2 |
3 |
4 |
5 |
6 |
|
XX Best Xxxxxx-Xxxxxx Xxxxxxxx Xxx. |
||||||
|
Stupnice xxx xxxxxxxxxx xxxxxx emitentů |
aaa, xx+, xx, xx– |
a+, x, a– |
bbb+, bbb, xxx– |
xx+, bb, bb– |
b+, x, b– |
xxx+, ccc, xxx–, cc, x, xx |
|
Xxxxxxxx pro xxxxxxxxxx xxxxxx dluhu |
xxx, xx+, xx, xx– |
x+, x, x– |
xxx+, xxx, xxx– |
bb+, xx, xx– |
x+, b, x– |
xxx+, xxx, xxx–, xx, x, d |
|
Xxxxxxxx xxx rating xxxxxxxx xxxx |
X++, A+ |
A, X– |
X++, X+ |
X, X- |
C++, C+ |
X, X–, D, X, X, X |
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx |
XXX-1+ |
XXX-1– |
XXX-2, XXX-3 |
XXX-4 |
|
|
|
XXX Xxxxxxx X.X. |
||||||
|
Xxxxxxxx xxx středně– x xxxxxxxxxx rating xxxxxxxx |
XXX, XX |
X |
XXX |
XX |
X |
XXX, CC, X, X |
|
Xxxxxxxx pro středně– x dlouhodobý rating xxxxx |
XXX, AA |
X |
XXX |
BB |
B |
XXX, XX, X, X |
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx xxxxxxxx |
A-1+ |
X-1 |
X-2, X-3 |
X, C, X |
|
|
|
Xxxxxxxx xxx krátkodobý xxxxxx xxxxx |
X-1+ |
X-1 |
X-2, X-3 |
X, X, X |
|
|
|
XXXXXXXXXX Xxxxxxxxxx Xxxxxx-Xxxxxxx XxxX |
||||||
|
Xxxxxxxx pro xxxxxxxxxx xxxxxx |
XXX, AA |
X |
XXX |
XX |
B |
XXX, XX/X, X |
|
Xxxxxxxx xxx krátkodobý xxxxxx podniků |
A++ |
X |
|
X, X, X |
|
|
|
Xxxxxx SA |
||||||
|
Stupnice xxx xxxxxxxx rating |
XXX, AA |
A |
BBB |
XX |
X |
XXX, XX, C, D, X |
|
Xxxxxx xx Xxxxxx |
||||||
|
Stupnice xxx xxxxxxxx xxxxxxxxxx xxxxxx xxxxxxxx |
3++ |
3+, 3 |
4+ |
4, 5+ |
5, 6 |
7, 8, 9, X |
|
XXXX – Xxxxxx Rating Xxxxxx XX |
||||||
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx bank |
XXX, XX |
A |
XXX |
BB |
X |
X, X |
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx xxxxxxxxxx |
xXXX, xXX |
iA |
iBBB |
xXX |
iB |
iC, xX |
|
Xxxxxxxx pro dlouhodobý xxxxxx xxxxxxx |
AAA, AA |
X |
XXX |
XX |
B |
XXX, XX, X, D |
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx xxxx |
XXX, XX |
X |
XXX |
XX |
B |
XXX, CC, X, X |
|
Stupnice pro xxxxxxxxxx xxxxxx emisí |
AAA, XX |
X |
XXX |
XX |
X |
XXX, XX, X, X |
|
Xxxxxxxx xxx krátkodobý xxxxxx xxxx |
A-1+ |
X-1 |
X-2, X-3 |
X, X, X |
|
|
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx xxxxxxx |
X-1+ |
A-1 |
X-2, X-3 |
X, X, X |
|
|
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx xxxx |
X-1+ |
X-1 |
X-2, X-3 |
X, X, X |
|
|
|
Xxxxxxxx pro xxxxxxxxxx xxxxxx xxxxx |
X-1+ |
X-1 |
X-2, X-3 |
B, X, X |
|
|
|
Capital Xxxxxxxxxxxx Xxx |
||||||
|
Xxxxxxxx xxx xxxxxxxxxxx xxxxxxxxxx rating emitentů |
XXX, XX |
X |
XXX |
XX |
X |
X, RS, XX, X |
|
Xxxxxxxx xxx xxxxxxxxxxx xxxxxxxxxx rating xxxxx |
AAA, XX |
X |
XXX |
XX |
X |
XXX, CC, X, X |
|
Xxxxxxxx xxx mezinárodní xxxxxxxxxx rating xxxxxxxx |
A-1+ |
X-1 |
A-2, X-3 |
X, X, X |
|
|
|
Xxxxxxxx xxx xxxxxxxxxxx xxxxxxxxxx xxxxxx xxxxx |
X-1+ |
X-1 |
X-2, X-3 |
X, X, X |
|
|
|
Xxxxxx Xxxxxx Xxxxxx X.x.X. |
||||||
|
Xxxxxxxx xxx xxxxxxxxxx rating podniků |
X1.1, X1.2, X1.3 |
A2.1, A2.2, X3.1 |
X1.1, X1.2 |
B2.1, B2.2 |
X1.1 |
X1.2, X2.1 |
|
Xxxxxxxxxxxx Xxxxxxx XX |
||||||
|
Xxxxxxxx xxx xxxxxxxxxx rating |
XXX, XX |
X |
XXX |
XX |
X |
X, X |
|
XXXX S.p.A. |
||||||
|
Xxxxxxxx xxx globální xxxxxxxxxx xxxxxx |
XXX, XX |
X |
XXX |
BB |
B |
CCC, X1, X2 |
|
Xxxxxx Xxxxxx Xxxxxx Xxxxxx |
||||||
|
Xxxxxxxx xxx dlouhodobý xxxxxx |
XXX, XX |
A |
XXX |
XX |
X |
XXX, XX, X, X |
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx |
X-1 |
|
X-2, X-3 |
X, X, X |
|
|
|
XXXX Ratings Xxxxxxx |
||||||
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx obligací |
XXX, XX |
A |
XXX |
BB |
B |
XXX, XX, X, D |
|
Xxxxxxxx xxx rating xxxxxxxxxx xxxxxx a xxxxxxxxxxxx xxxxx |
X-1 X, R-1 X |
X-1 L |
R-2, X-3 |
R-4, X-5, D |
|
|
|
Stupnice xxx xxxxxx schopnosti xxxxxxxx xxxxxxxx plnění |
IC-1 |
XX-2 |
IC-3 |
XX-4 |
XX-5 |
X |
|
Egan-Jones Ratings Xx. |
||||||
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx |
XXX, XX |
A |
XXX |
XX |
B |
XXX, CC, X, X |
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx |
A-1+ |
X-1 |
X-2 |
A-3, B, X, X |
|
|
|
Euler Xxxxxx Xxxxxx GmbH |
||||||
|
Stupnice xxx xxxxxxxx xxxxxxxxxx xxxxxx |
XXX, XX |
X |
XXX |
XX |
X |
XXX, XX, X, XX, X |
|
Xxxxxxxx Rating Xxxxxx, a.s. |
||||||
|
Stupnice pro xxxxxxxxxx xxxxxx |
|
AAA, XX, X |
XXX |
XX |
X |
XXX, XX, X, X |
|
Xxxxxxxx xxx krátkodobý xxxxxx |
|
X1 |
X2 |
X3, X4, NS |
|
|
|
EuroRating Xx. x x.x. |
||||||
|
Stupnice xxx xxxxxxxx xxxxxxxxxx xxxxxx |
XXX, XX |
A |
XXX |
XX |
X |
XXX, CC, X, X |
|
Xxxxx Ratings |
||||||
|
Xxxxxxxx xxx xxxxxxxxxx rating xxxxxxxx |
XXX, XX |
A |
XXX |
XX |
X |
XXX, CC, X, RD, X |
|
Xxxxxxx x xxxxxxxxxxx xxxxxxx – xxxxxxxx xxx xxxxxxxxxx xxxxxx |
XXX, XX |
X |
XXX |
BB |
B |
XXX, XX, X |
|
Xxxxxxxx xxx xxxxxxxxxxx xxxxxxxxxx xxxxxx xxxxxxxx síly pojišťoven |
XXX, XX |
X |
XXX |
XX |
X |
XXX, XX, C |
|
Xxxxxxxx xxx krátkodobý xxxxxx |
X1+ |
F1 |
X2, X3 |
X, C, RD, X |
|
|
|
Xxxxxxxx pro xxxxxxxxxx xxxxxx finanční xxxx xxxxxxxxxx |
X1+ |
X1 |
X2, X3 |
X, X |
|
|
|
XXX-Xxxxxx Xxxxxxxxxxxx für Bonitäts-beurteilung xxX |
||||||
|
Xxxxxxxx xxx xxxxxxxx xxxxxxxxxx xxxxxx |
XXX, XX |
|
X, XXX |
XX |
X |
XXX, CC, C, X |
|
XX Ratings xx Xxxxxx, S.A. xx X.X. |
||||||
|
Xxxxxxxx pro xxxxxxxx xxxxxxxxxx xxxxxx |
XX XXX(X)/XX XX(X) |
XX X(X) |
XX BBB(G) |
XX XX(X) |
XX X(X) |
XX C(G)/HR X(X) |
|
Xxxxxxxx pro xxxxxxxx xxxxxxxxxx xxxxxx |
XX+1(X)/XX1(X) |
XX2(X) |
XX3(X) |
XX4(X), XX5(X), XX X(X) |
|
|
|
XXXX Xxxxx X.X |
||||||
|
Xxxxxxxx xxx globální xxxxxxxxxx xxxxxx |
|
AA, A |
BB, X |
X, D |
E, X |
G, X |
|
XXX Xxxxxx Xx. x x.x. |
||||||
|
Stupnice xxx xxxxxxxxxx xxxxxx xxxxxxxx |
AAA, XX |
X |
XXX |
XX |
X |
XXX, XX, X, X |
|
Xxxxx Credit Xxxxxx Xxxxxx Xxx |
||||||
|
Xxxxxxxx pro xxxxxxxxxx rating xxxxxxxx |
XXX, XX |
X |
XXX |
XX |
X |
XXX, XX, X, XX, D |
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx xxxxx |
XXX, XX |
X |
XXX |
XX |
X |
XXX, CC, X, X |
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx xxxxxxxx |
J-1+ |
X-1 |
X-2 |
X-3, NJ, XX, D |
|
|
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx emisí |
X-1+ |
X-1 |
J-2 |
X-3, XX, X |
|
|
|
Kroll Bond Xxxxxx Xxxxxx |
||||||
|
Xxxxxxxx xxx xxxxxxxxxx rating |
XXX, XX |
A |
XXX |
XX |
B |
CCC, XX, C, X |
|
Xxxxxxxx xxx xxxxxxxxxx rating |
X1+ |
K1 |
K2, X3 |
X, X, D |
|
|
|
xxxxXxxxxxx X.x.x. |
||||||
|
Xxxxxxxx xxx xxxxxxxx xxxxxxxxxx xxxxxx |
X1,X2 |
X3 |
X1 |
X2 |
X3 |
C1, X2, X3, D |
|
Moody's Investors Xxxxxxx |
||||||
|
Xxxxxxxx pro globální xxxxxxxxxx xxxxxx |
Xxx, Xx |
X |
Baa |
Xx |
X |
Xxx, Xx, C |
|
Stupnice xxx xxxxxx xxxxxxxxxxxxx xxxxx |
Xxx-xx, Xx-xx |
X-xx |
Xxx-xx |
Xx-xx |
X-xx |
Xxx-xx, Xx-xx, C-bf |
|
Xxxxxxxx xxx xxxxxxxx xxxxxxxxxx xxxxxx |
X-1 |
X-2 |
X-3 |
XX |
|
|
|
Xxxxxx-Xxxxxxx Xxxxxx XX XxxX |
||||||
|
Xxxxxxxx xxx mezinárodní xxxxxx |
XXX, XX |
X |
XXX |
XX |
B |
CCC, CC, X, D, E |
|
Xxxxxxxx xxx xxxxxxxxxxx rating xxxxxxxxxxxxx |
XXX, AA |
X |
XXX |
XX |
B |
CCC, CC, X, X, E |
|
Xxxxx Xxxxxxx XX |
||||||
|
Xxxxxxxx xxx xxxxxxxx xxxxxxxxxx xxxxxx |
XXX, XX |
X |
XXX |
XX |
X |
XXX, CC, X, X |
|
Xxxxxxxx xxx xxxxxxxx xxxxxxxxxx xxxxxx |
X-1+ |
S-1 |
S-2 |
X-3, S-4 |
|
|
|
Xxxxxx Xxxxxxxx |
||||||
|
Xxxxxxxx pro xxxxxxxxxxx xxxxxxxxxx xxxxxx |
XXX, XX |
X |
XXX |
XX |
X |
CCC, XX, X, D |
|
Xxxxxxxx &xxx; Poor's Xxxxxxx Xxxxxxxx |
||||||
|
Xxxxxxxx pro xxxxxxxxxx xxxxxx xxxxxxxx |
AAA, AA |
X |
XXX |
BB |
X |
XXX, XX, X, XX/X |
|
Stupnice xxx xxxxxxxxxx xxxxxx xxxxx |
XXX, AA |
A |
BBB |
XX |
X |
XXX, CC, X, X |
|
Xxxxxxxx pro xxxxxx finanční síly xxxxxxxxxx |
XXX, XX |
X |
XXX |
BB |
X |
CCC, XX, XX/X, X |
|
Xxxxxxxx xxx xxxxxx xxxxxxx kvality xxxxx |
XXXx, XXx |
Xx |
XXXx |
BBf |
Xx |
CCCf |
|
Xxxxxxxx pro xxxxxx xxxxxxxxx xxxxxxxxxxx xx xxxxxxxx xxxx (XXX) |
|
XX1 |
XX2 |
XX3, XX4 |
MM5, MM6 |
XX7, XX8, XXX |
|
Stupnice pro xxxxxxxxxx xxxxxx emitentů |
X-1+ |
A-1 |
A-2, X-3 |
X, X, R, XX/X |
|
|
|
Xxxxxxxx xxx xxxxxxxxxx xxxxxx xxxxx |
X-1+ |
X-1 |
X-2, A-3 |
X, X, X |
|
|
|
Xxx Xxxxxxxxx Xxxxxxxxxxxx Unit Ltd |
||||||
|
Xxxxxxxx xxx xxxxxx xxxxx |
XXX, XX |
X |
XXX |
XX |
X |
XXX, CC, C, D |