Kazakhstan is moving forward with plans to create its own national credit rating agency. This initiative is part of a larger strategy to bolster the country’s domestic capital market development. However, the agency’s success isn't guaranteed simply by its establishment and regulatory approval. To truly thrive, the agency must gain the trust and confidence of investors. Its ratings will need to be perceived as reliable and accurate to influence investment decisions. The move aims to reduce reliance on international rating agencies and foster greater financial independence. Ultimately, the agency’s credibility will be the determining factor in its long-term success and contribution to Kazakhstan’s financial sector.