Schedule of Availability of Service:
Mondays to Fridays, 8:00am-5:00pm without noon break

Who May Avail of the Service:
Credit Rating Agencies

What Are the Requirements:
1. Fully accomplished application form for credit rating agencies (SEC Form CRA-12);
2. Applicant should be a stock corporation and have a minimum paid-up capital of at least Ten Million Pesos (P10,000,000.00);
3. List of shareholders and their corporate affiliations;
4. List of other business activities, if any;
5. Copies of its Articles of Incorporation and By-Laws;
6. Sworn statement on the following:

a. Ownership structure and possible conflicts of interest;

b. Names, professional qualifications and independence of the staff involved in the rating decision (“rating specialists”);

c. Disclosure of affiliations, training, assistance or support it receives from international rating agencies, if any;

7. Written code of conduct that can ensure the independence of the rating specialists and the rating agency from the Issuers it is rating;
8. Rating scales, criteria, measurements, symbols and related assessment devices it uses;
9. Operating procedures, rating policies, rating criteria and other rationale used in arriving at a rating;
10. Copy of model written agreement with Issuers; and
11. Manual on Corporate Governance.

Pre-Evaluation Procedures:

Note: Duration of Activity under normal circumstances