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

Board Notices

Purchase

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total number of credit ratings withdrawn;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(x)	if a credit rating has been withdrawn, the reason for withdrawal of the credit rating.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.