Credit rating requirement ensures public offers of securitised debt carry multiple agency ratings and full disclosure of ratings. Special purpose distinct entities offering securitised debt instruments to the public must obtain credit ratings from at least two registered credit rating agencies and disclose all such ratings in the offer document, including unaccepted ratings. Rating agencies must include in their rating rationale the quality of the asset pool and cash flows, payment structure, adequacy of credit enhancements, originator profile, investor risks and mitigants, servicer quality and contract terms, provision for a back-up servicer, and other relevant information.