ASIC has released an information sheet clarifying how credit ratings issued by licensed credit rating agencies (CRAs) may be disclosed in Australia.

Information Sheet 99 Disclosure of credit ratings in Australia (INFO 99) explains the circumstances in which a person may and may not disclose a credit rating in a retail disclosure document or PDS and other documents and communications.

The information sheet also outlines how restrictions on disclosure of credit ratings interact with a person’s other obligations (including continuous disclosure obligations).