On 3 July 2026, LLC “Rating Agency “Credit Intelligence” (CIRA) became the first rating agency authorized by the National Securities and Stock Market Commission of Ukraine (NSSMC) under the new procedure introduced by the Law of Ukraine “On Rating Activity.” CIRA has been entered into the Register of Authorized Rating Agencies and is now entitled to assign public credit ratings on the National Scale of Credit Ratings in Ukraine.

This is a milestone we are proud of. It is recognition earned under the new, EU-aligned rules the NSSMC developed over the past year — both a responsibility and a confirmation that building an agency from the ground up, to the highest standards, was the right path.

The Commission adopted the authorization decision on 3 July 2026; it takes effect from the fifth business day. CIRA’s entry is recorded in the NSSMC Register of Authorized Rating Agencies, and the Commission’s official announcement of the first authorization is published on its website.

What this means in practice. CIRA may now assign public credit ratings — official, published assessments of creditworthiness — on the National Scale. We rate banks, insurers, non-bank financial institutions, real-sector corporates and debt instruments (bonds and others), both on a solicited basis (public and private ratings) and on our own initiative.

Behind the authorization stands substantial work and expertise. CIRA has developed its own rating methodologies for five sectors; established a rating committee that takes rating decisions collegially; and put in place independent methodology-review and compliance functions.

A credit rating is more than an assessment of the cost of debt. It forms the information base on which investors, lenders and regulators make decisions, and through which issuers access capital at a fair price of risk. An independent national rating capability strengthens confidence in Ukraine’s capital market.

“We are proud to be the first rating agency authorized under the new legislation. It is recognition of our expertise and of the careful work our team did to meet European standards. But for us authorization is not a finish line — it is a start: the real task ahead is to earn the market’s trust in our ratings,” said Valentyn Burianov, Chief Executive Officer of CIRA.

Openness and transparency remain the core principles of our work. Our rating methodologies and the information subject to disclosure under the law are published in the Regulatory Information section of this website.

We are building the domestic credit-risk assessment infrastructure that Ukraine’s capital market needs to attract investment and finance the country’s post-war reconstruction.

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