Capital Markets Authority Uganda
Formal approval for ICRA Rating Agency Limited to operate as a credit rating agency in accordance with the Capital Markets Authority Act, Cap 64.
View approval letter →ICRA Uganda Licences and Approvals
Official approvals, regulatory recognition and correspondence supporting ICRA Rating Agency Limited’s operations in Uganda.
Regulatory standing
Approved to operate as a credit rating agency in Uganda
ICRA Rating Agency Limited received formal approval from the Capital Markets Authority of Uganda to operate as a credit rating agency, subject to continued compliance with applicable laws, regulations and guidelines.
Insurance Regulatory Authority of Uganda
The Authority acknowledged ICRA’s CMA approval and encouraged ICRA to engage insurance companies in Uganda for rating services. The letter also clarifies that IRA does not itself license credit rating agencies.
View regulatory letter →Bank of Uganda - Recognition
Bank of Uganda recognised the importance of ICRA credit rating services in guiding access to finance for corporate entities and financial institutions in Uganda.
View recognition letter →Bank of Uganda - CMA Approval Acknowledgement
The Governor congratulated ICRA on the CMA approval and noted that an independent credit rating agency can support transparency, investor confidence, access to capital and financial stability.
View acknowledgement letter →Important clarification: The Capital Markets Authority approval is the operative approval to conduct credit rating activities. The Insurance Regulatory Authority and Bank of Uganda documents are regulatory acknowledgements or recognition letters and are presented accordingly.