Credit Rating Services Act, 2012 (Act No. 24 of 2012)Chapter 1 : Definitions, Objects and Application4. Use of credit ratings |
| (1) | Where a regulated person uses published credit ratings for regulatory purposes, such a regulated person must only use credit ratings that are— |
| (a) | issued or endorsed by credit rating agencies which are registered in accordance with this Act; or |
| (b) | issued or endorsed by an external credit rating agency approved by the registrar. |
| (2) | The registrar may prescribe additional requirements in respect of the use of credit ratings for regulatory purposes. |