CmaBylaw
Executive Bylaws
4-4 Of Module Eleven: Dealing in Securities
Section: Chapter Four: Credit Rating
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Sunday, 12 February 2017
The Authority may commit the Issuer or Obligor, as per each case individually, to enter into an agreement with a Credit Rating Agency to prepare an annual credit rating report for the Bonds or Sukuk to the date set by the Authority. In such case, the Issuer or Obligor shall continuously provide the Credit Rating Agency with the information needed on a timely basis. The credit rating report shall be regularly sent to the holders of Bonds and Sukuk. The Issuer or Obligor may not change a Credit Rating Agency unless approved by the Authority.
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