Regulatory Alerts2004-11-29
Accreditation of Credit Rating Agencies Guideline No. 04-2004
The Reserve Bank of Zimbabwe issued this guideline to establish a comprehensive accreditation framework for credit rating agencies operating in or seeking to rate banking institutions within the country. It mandates that applicants meet strict eligibility criteria, including registered corporate status, proven experience, professional competence, and adequate operational infrastructure. The guideline further requires accredited agencies to maintain transparent rating methodologies, enforce rigorous conflict-of-interest and code of conduct policies, and comply with ongoing supervision, periodic reporting, and potential sanctions.
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