Capital Markets and Securities Authority (CMSA)
Licence No. CR.0001 authorises ICRA Rating Agency Limited to conduct credit rating services in the United Republic of Tanzania for a three-year period.
View CMSA licence →ICRA Tanzania Licence and Regulatory Letters
Official licensing and regulatory correspondence supporting ICRA Rating Agency Limited’s operations in Tanzania.
Regulatory standing
Licensed to provide credit rating services in Tanzania
ICRA Rating Agency Limited holds a credit rating services licence issued by the Capital Markets and Securities Authority under the Capital Markets and Securities Act.
Ministry of Finance - Clearance
The Ministry of Finance stated that stronger and credible financial institutions are important and concurred that credit ratings add value to financial institutions and corporates by showcasing their potential.
View Ministry letter →Bank of Tanzania - Appreciation
The Bank of Tanzania appreciated the contribution of external credit rating services in promoting access to finance and clarified that it does not have statutory powers to license, supervise or recognise credit rating agencies.
View Bank of Tanzania letter →Important clarification: The CMSA licence is the operative authorisation to conduct credit rating services in Tanzania. The Ministry of Finance and Bank of Tanzania documents are regulatory correspondence and are presented as such.