Credit Rating Agencies

Recently, SEBI came up with set of wider disclosure norms for the Credit Rating Agencies(CRA).

Credit Rating Agencies (CRAs)

  • As per the Regulations, a CRA is defined as “a body corporate which is engaged in, or proposes to be engaged in, the business of rating of securities offered by way of public or rights issue”.
  • The Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 empowers SEBI to regulate CRAs operating in India.
  • SEBI (Credit Rating Agencies) Regulations, 1999 provide for a disclosure-based regulatory regime,where the agencies are required to disclose their rating criteria, methodology, default recognition policy, and guidelines ....
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