Credit Rating Services Act, 2012 (Act No. 24 of 2012)

Board Notices

Credit Rating Agency Rules

Part VII : Disclosure and Record Keeping

12. Additional disclosures

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A credit rating agency must annually disclose to the registrar the following information—

(a)For credit ratings during the reporting period—
(i)total number of credit ratings;
(ii)total number of new credit ratings;
(iii)total number of credit ratings withdrawn;
(iv)rating scale used;
(v)name of the rated entity;
(vi)category of credit rating;
(vii)current credit rating;
(viii)in the case of a new credit rating, information on whether a previous credit rating was assigned;
(ix)if a credit rating has changed during the reporting period, the reason for the change in the credit rating; and
(x)if a credit rating has been withdrawn, the reason for withdrawal of the credit rating.
(b)Any material modification of its systems, resources or procedures.
(c)A list of the ancillary services it has provided to a rated entity or any related third party.