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SEBI enhances disclosure and transparency norms for Credit Rating Agencies

May 30, 2018
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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