SEBI standardizes the framework of industry classification for CRAs
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- By Chetan Kulasri
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- Last Updated on 4 April, 2022
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SEBI/ HO/ MIRSD/ CRADT/ CIR/ P/ 2022/ 42 dated 1st April, 2022,
With an objective to bring uniformity in the classifications being used across sectors and in the market, the SEBI has notified standardized framework for industrial classification for adoption by the stakeholders. SEBI advised the CRAs to use this framework for the purpose of rating exercises, peer benchmarking etc. The industry classification will be applicable to credit rating agencies w.e.f. October 01, 2022, meantime CRA can share their feedback and suggestions to the SEBI.
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