Official accreditation and regulatory correspondence supporting International Credit Rating Agency Pvt Ltd’s operations in Zimbabwe.
Regulatory standing
International Credit Rating Agency Pvt Ltd is accredited by the Reserve Bank of Zimbabwe as a credit rating agency and has received regulatory clearance from the Insurance and Pensions Commission to provide credit rating services to registered insurers.
The Reserve Bank of Zimbabwe accredited International Credit Rating Agency (Private) Limited as a credit rating agency under the Banking Act, authorising it to conduct the credit rating activities specified in the accreditation.
View RBZ accreditation →IPEC confirmed that it has no objection to International Credit Rating Agency providing credit rating services to registered insurers in Zimbabwe, subject to legislative compliance, quarterly reporting and submission of signed service-level agreements.
View IPEC letter →SECZ advised that credit rating agencies are not currently required to register or obtain accreditation from the Commission, while issuers are not prohibited from voluntarily using credit rating services when required.
View SECZ letter →IPEC reinsurance framework
IPEC’s Minimum Standards for Reinsurance, effective 1 January 2026, set minimum credit-rating thresholds for offshore reinsurers. The framework includes International Credit Rating Agency (ICRA) among the recognised rating agencies and specifies a minimum required ICRA rating of BBB for African reinsurers. This regulatory framework is summarised here for information; the full guideline is not reproduced or attached on this website.
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