Tokayev signs law creating national credit rating agency
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President Kassym-Jomart Tokayev signed the law "On Credit Rating Activities" on August 21, 2026. The law establishes a national credit rating agency with the National Bank as a founder. It takes effect on October 21, 2026.
Key Facts
- President Kassym-Jomart Tokayev signed the law "On Credit Rating Activities" on August 21, 2026.
- The law takes effect on October 21, 2026.
- The National Bank will be one of the founders of the new national credit rating agency.
- The law introduces classification and unified requirements for credit rating agencies.
Law Signature
President Kassym-Jomart Tokayev signed the law "On Credit Rating Activities" on August 21, 2026. The law was published on August 21, 2026, and is designated as Law of the Republic of Kazakhstan No. 351-VIII dated July 23, 2026. It will enter into force on October 21, 2026.
National Rating Agency
The law provides for the creation of a Kazakhstani credit rating agency, with the National Bank as one of its founders. The agency is expected to increase competition in the rating services market and expand access for companies. The new agency may reduce the cost of rating services, making them more accessible for small and medium-sized businesses.
Regulatory Framework
The law establishes basic principles for regulating credit rating activities and sets requirements for rating agencies. It introduces a classification system for rating agencies. The law emphasizes independence and transparency of rating activities to increase trust in creditworthiness assessments.
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Tokayev signs law creating national credit rating agency
