• 2.5.1 Credit rating agencies


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    Description of role

    Responsible for assessing the credit risk of corporate and government borrowers and issuers of fixed income securities.

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    Core skills

    • Knowledge of credit ratings and credit rating agencies, including their role in capital markets
    • Knowledge of rating methodologies and how they are applied consistently
    • Knowledge of possible independence and conflicts of interest issues affecting credit rating agencies
    • Knowledge of issuer and issue ratings operations
    • Ability to analyse Sukuk structures and determine risk levels
    • Ability to analyse information about issuers / borrowers, their market and economic circumstances
    • Ability to perform risk modelling
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience

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    Industry knowledge

    • Knowledge of Sharia compliant capital markets products and services
    • Understand local market trends

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    Regulatory compliance of role

    • Knowledge of IOSCO Credit Rating Agency Code of Conduct and other relevant international regulatory standards applicable to credit rating agencies