SEBI issues Framework for Credit Rating Agencies
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- Last Updated on 30 September, 2022
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Circular no. SEBI/HO/DDHS/DDHS-RACPOD2/P/CIR/2022/ 124, Dated 28.09.2022
The SEBI has rolled out a new framework for credit rating agencies. The framework, applicable from 01.01.2023, is aimed at enhancing transparency and improving the rating process. While assigning such credit ratings, CRAs will have to conduct independent due diligence on the nature of specified support consideration and form a definitive internal view and, wherever warranted, obtain an independent external legal opinion for ascertaining the strength of the credit enhancement, SEBI said.
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