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SEBI enhances disclosure and transparency norms for Credit Rating Agencies

May 30, 2018
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SEBI has issued guidelines to enhance the governance, accountability and functioning of Credit Rating Agencies (‘CRA)’. The Guidelines prescribe that a Rating Committee (consisting of majority of independent members) shall review the requests by an issuers for review of the rating provided by CRAs. Also all non-accepted ratings shall have to be disclosed on CRA’s website for period of 12 moths from date of such rating. Prescribes formats for disclosing ‘Half yearly rating summary sheet’.
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