A credit rating agency, pursuant to the provisions of Cabinet Office Order, must set a policy and methodology for determining credit ratings and for providing them or making them available for inspection (such a policy is referred to as a "rating policy" in the following paragraph) and must disclose the same. The same applies if the credit rating agency changes its rating policy.
A credit rating agency must carry out its credit rating services in accordance with the rating policy.
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(Rating Policy)
A credit rating agency must carry out its credit rating services in accordance with the rating policy.
信用格付業者は、格付方針等に従い、信用格付業の業務を行わなければならない。
Open this provisioncredit rating
「信用格付」
A grade, shown by symbols or numbers (or similar means a Cabinet Office Order (内閣府令) specifies), expressing the result of an assessment of the creditworthiness of a financial instrument or a corporation (or a similar entity that Order specifies), other than grades that Order specifies as set mainly by reference to other matters.
Defined inArticle 2, paragraph (34)· applies throughout the law
credit rating services
「信用格付業」
Carrying on, as a business, the assignment of credit ratings (信用格付) and providing them or making them available for inspection, other than acts a Cabinet Office Order (内閣府令) specifies as posing little risk to investor protection given whom they are made to or how.
Defined inArticle 2, paragraph (35)· applies throughout the law
credit rating agency
「信用格付業者」
A person registered with the Prime Minister under Article 66-27 to carry on credit rating services (信用格付業).
Defined inArticle 2, paragraph (36)· applies throughout the law
rating policy
「格付方針等」
In Article 66-36, paragraph (2), the policies and methods a credit rating agency must set and publish, as a Cabinet Office Order (内閣府令) sets, for determining credit ratings and providing them or making them available for inspection.
Short name set inArticle 66-36, paragraph (1)· applies only in this provision and in Article 66-36, paragraph (2)