"external credit assessment"

means an assessment or a rating issued by an eligible institution, which assessment or rating—

(a)	relates to the ongoing ability of a person or a country to repay amounts due and payable by the said person or the said country, including any principal amount and related interest; and

(b)	meets such requirements as may be prescribed;

[Definition inserted by section 1(h) of Act No. 20 of 2007]