ACRA’s ratings have been approved by the Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market (ARDFM) for use by financial institutions, along with ratings of the three major international rating agencies. This decision allows Kazakhstan’s financial institutions to improve credit risk assessment for cross-border financial transactions and expand their abilities in complying with applicable prudential standards.
WHY SHOULD KAZAKH ISSUERS OBTAIN ACRA CREDIT RATINGS?
ACRA assigns credit ratings to all categories of issuers on the international scale and the national scale for the Russian Federation. For financial and non-financial organizations, an ACRA credit rating on the international scale and, on its basis, a credit rating on the national scale for the Russian Federation, will significantly broaden the methods of attracting financing as it will be possible to enter the Russian market and borrow in ruble.ISLAMIC FINANCE: SUKUK
ACRA assigns credit ratings to Islamic finance instruments — sukuk — on national and international rating scales. The corresponding methodology allows ACRA to assess a wide range of sukuk issues exposed to different sources of credit risk.
ESG
ACRA assigns ESG assessments to financial and non-financial companies, as well as to sovereign and sub-sovereign entities. This involves a comprehensive assessment of sustainable development based on analysis of environmental and social indicators, as well as an evaluation of corporate governance quality. In addition, ACRA provides services for assessing green, social, and sustainable development bonds and loans. More details (зашита ссылка на страницу устойчивого развития)
In 2020, the International Capital Market Association (ICMA) included ACRA in its list of independent verifiers of green, social, and sustainable development bonds and confirmed the compliance of the Agency’s methodologies and approaches with ICMA guidelines and international industry standards.
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