Article 9. Rights and obligations of the credit rating agency of the Law of the Republic of Kazakhstan On Credit Rating Activities

     1. A credit rating agency may:

     1) conclude contracts with rated persons for the provision of services for assigning ratings and (or) forecasts for ratings;

     2) request from the rated persons the provision of complete and reliable information for the implementation of credit rating activities;

     3) publish information about ratings and forecasts on ratings without the consent of the rated persons, if this is provided for by the contract, with the exception of non-public and unsolicited ratings.;

     4) revoke and (or) suspend the rating upon detection of violations of this Law until the violations are eliminated;

     5) to refuse to assign ratings before concluding an agreement on the provision of rating services;

     6) assign an unsolicited rating on its own initiative without entering into an agreement with the rated person, with the exception of financial organizations, banking and insurance holdings, as well as participants in a banking conglomerate.

     2. A credit rating agency is required to:

     1) maintain a list of current, suspended ratings and rating forecasts, as well as revoked ratings;

     2) develop, adopt and update internal documents, procedures and internal controls to ensure compliance with the requirements of the legislation of the Republic of Kazakhstan on credit rating activities;

     3) ensure that all users of ratings and rating forecasts have equal access to information about assigned ratings and rating actions, with the exception of non-public ratings;

     4) include in the disclosed information the reasons for the decision to revoke and (or) suspend the credit rating in the event of its adoption;

     5) ensure the storage of all data used in credit rating activities in accordance with the laws of the Republic of Kazakhstan;

     6) to prevent the disclosure of confidential information, commercial and other legally protected secrets, except in cases provided for by the laws of the Republic of Kazakhstan;

     7) to prevent unauthorized and (or) unintentional access, leakage of confidential information, commercial and other legally protected secrets;

     8) provide the authorized body with documents, information and data related to its credit rating activities, including historical data, in accordance with the procedure, composition and deadlines established by the authorized body;

     9) comply with the requirements for senior staff established by this Law.

     3. Upon request, the Kazakhstan rating agency has the right to obtain information and data from government agencies, credit bureaus and other organizations, with the exception of the National Bank of the Republic of Kazakhstan, including with the consent of the rated person, in cases provided for by the laws of the Republic of Kazakhstan.

     4. A credit rating agency may have other rights and perform other duties provided for by the laws of the Republic of Kazakhstan and agreements concluded in accordance with this Law.

On credit rating activities, the Law of the Republic of Kazakhstan dated July 23, 2026 No. 351-VIII SAM.  

President    

Republic of Kazakhstan     

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