Sebi issues guidelines to streamline operations of credit rating agencies

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Business Standard Logo Business Standard 3d ago

Sebi issues guidelines to streamline operations of credit rating agencies - Business Standard

Quick Summary:

"In order to promote ease of doing business and bring about uniformity in dealing with appeals, based on consultation with stakeholders, including CRAs (Credit Rating Agencies), it has been decided to provide specific timelines for dealing with appeals made by the issuer in respect of rating actions carried out pursuant to periodic surveillance of ratings," it added.

The circular introduces specific timelines for dealing with appeals made by companies regarding rating actions carried out during periodic surveillance of ratings.

Markets regulator Sebi has issued new guidelines to streamline operations and enhance the ease of doing business for credit rating agencies.