Browsing: Capital Markets Advisory Centre (CMAS

CMA Reviews Credit Rating Agencies Regulations

A credit rating agency is an institution that examines the degree to which various issuers of securities are financially reliable and issues ratings to such securities. These ratings are used to help investors make investment decisions.

The CMA has granted registration and operating permission to five credit rating agencies. These agencies are as follows: Agusto & Company Limited, Global Credit Rating Company (GCR), A.M. Best Rating Services Limited, Metropol Corporation Limited, and CARE Ratings.

Until September 16, the regulatory body will collect comments from various parties regarding the draft regulations.…