Capital Markets Act

30W. Rating requirement and obligations of credit rating agencies

Edition: 2025-12-11 · In force

30W. Rating requirement and obligations of credit rating agencies

(1)A trustee shall, where a rating under this Act is required, ensure that a rating is obtained and maintained.

(2)A trustee shall, if a rating is obtained, provide the rating agency with the necessary information for the purposes of maintaining the rating.

(3)An auditor, a servicer, a securitisation manager or any other party to the securitisation transaction shall provide information to the trustee which is necessary to enable the trustee to fulfil its obligations.

(4)A credit rating agency shall comply with any requirements prescribed by the Authority in relation to asset backed securities.

(5)A person who contravenes this section commits an offence.[Act No. 48 of 2013, s. 24.]

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Source: Kenya Law