ADVOKS GLOBAL · KENYA
The Capital Markets (Credit Rating Agencies) Regulations
17. Disclosure of rating definitions and rationale
Edition: 2023-12-15 · In force
17. Disclosure of rating definitions and rationale
Each credit rating agency shall—(a)make public the definitions of any rating and the symbol of the rating it has assigned to a security or issuer of a security;(b)state that the rating it has assigned to a security or issuer of a security does not constitute a recommendation to buy, hold or trade any security; and(c)make available to the general public the information relating to the rationale for a rating it has assigned to a security or issuer of a security including an analysis of the factors justifying the rating and factors constituting a risk in respect of the security or issuer of the security.