Credit rating company is a regulated securities activity under the Securities Act, 2015. Credit Rating Companies (CRC) are an integral component of a vibrant and healthy debt capital market. CRCs are regulated under the Act read with the Credit Rating Companies Regulations, 2016 (CRC Regulations), promulgated on August 5, 2016. At present two CRCs are functioning in Pakistan i.e. Pakistan Credit Rating Agency Limited (PACRA) and VIS Credit Rating Company Ltd.
Permission, Grant and Renewal of License
The detailed procedure for permission, grant and renewal of license as a Credit Rating Company is provided in the checklist.