Regulatory Alerts2025-07-01
Added · Updated
Solicited, Unsolicited and Private Credit Ratings Policy
The Pakistan Credit Rating Agency Limited (PACRA) issued this policy to standardize the definitions, procedures, and disclosures for solicited, unsolicited, and private credit ratings. It requires a minimum two-year disengagement period when an unsolicited rating transitions to a solicited one, mandates explicit reporting of entity and auditor participation in unsolicited assignments, and enforces confidentiality for private ratings unless the client publicly discloses them through another agency. The framework further establishes annual and semi-annual compliance reviews, mandates board approval, and applies uniformly across PACRA’s business development, rating, and solutions verticals.
Share