The Brazil Securities Commission (CVM) has extended to 12 September 2025 the deadline for submitting suggestions and comments to its public consultation on amendments to CVM Resolution 9, which governs credit risk rating classification activity in Brazil’s securities market. The consultation had been due to close on 29 August 2025. CVM’s proposed changes aim to realign Brazil’s framework with currently applicable international standards and enable CVM-registered credit rating agencies to provide services to Brazilian issuers seeking to access investors in other jurisdictions, expanding the international scope of locally registered agencies. Comments are to be submitted by email, and further information is available in the consultation notice and Public Consultation Call SDM 02/25.
Brazil Securities Commission (CVM) 2025-08-27
Brazil Securities Commission extends consultation on proposed changes to credit rating agency rules to 12 September 2025
The Brazil Securities Commission (CVM) is consulting on amendments to CVM Resolution 9 to align Brazil's credit risk rating framework with international standards. The changes aim to enable CVM-registered agencies to serve Brazilian issuers accessing foreign investors, expanding their international reach.