SEBI Introduces New Guidelines for Credit Rating Agencies
| Aspect | Details |
|---|---|
| Regulator | Securities and Exchange Board of India (SEBI) |
| Objective | Streamline operations and enhance ease of doing business for credit rating agencies (CRAs). |
| Key Development | New guidelines issued for CRAs, including specific timelines for handling appeals on rating actions. |
| Effective Date | August 1, 2024 |
| Timelines for Disclosures | Daily updates on non-cooperative issuers; retention of unaccepted ratings for 12 months. |
| Monitoring Mechanism | Biannual internal audits of CRAs to ensure compliance. |
| Aim | Safeguard investor interests and promote orderly development and regulation of the securities market. |