5/7/2024, 4:19:04 pm

Sebi issues new guidelines to streamline operations of credit rating agency

Sebi has introduced new guidelines to enhance the ease of doing business for credit rating agencies, effective August 1, 2024. The changes mandate that CRAs communicate ratings to companies within one working day, with companies having three working days to appeal. Disclosures must be made on the CRA's website and stock exchange within 7 working days. Records must be maintained for 10 years.