On Jan. 27, 2025, RUS CB issued ord 6874-U on additional requirements for the disclosure of credit ratings and credit rating forecasts by credit rating agencies.
The ordinance enters into force starting from Oct. 1, 2025.
On May 31, RUS CB proposed ordinance on credit rating disclosures.
RUS CB issued draft ordinance on additional requirements for the disclosure of credit ratings and credit rating forecasts by credit rating agencies.
Consultation documents are only available on RUS CB website until comment deadline.
Summary
Under proposals, credit rating agencies (CRAs) will be required to disclose credit ratings together with the assessment of stand-alone creditworthiness of rated entities.
Credit rating agencies are going to be required to describe both the quantitative and qualitative factors that determine an entities ability to meet their financial obligations, as well as explain how these factors affect the credit rating and its outlook.
The document brings uniformity to the practice of disclosing information on the assignment, extension and removal of “under supervision” status of a credit rating.
This status indicates an increased likelihood of a rating change in the future.
Innovations are designed to provide a consumers with access to clearer justifications for credit ratings and are aimed at ensuring transparency of rating activities.
Effectiveness
Comments and feedback are expected by Jun. 14, 2024.
Jan. 2025 Ord Issued
On Jan. 27, 2025, RUS CB issued ord 6874-U on additional requirements for the disclosure of credit ratings and credit rating forecasts by credit rating agencies.
The ordinance enters into force starting from Oct. 1, 2025.
Regulators
RUS CB
Entity Types
Corp; CRA
Reference
PR 1/27/2025; Ord 6874-U, 9/27/2025; PR, CP 5/31/2024
