Sharing of information regarding issuer companies between Debenture Trustees and Credit Rating Agencies

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..... ies 1. SEBI (Debenture Trustee) Regulations, 1993 require the Debenture Trustees (DTs) to share information regarding the issuer companies that are their clients, with Credit Rating Agencies (CRAs). The purpose of the Regulations is to enable CRAs to perform their obligations effectively. 2. DTs have also expressed the need to receive relevant information on issuer companies from CRAs. 3. In co .....

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..... website (www.sebi.gov.in) under the categories "Legal Framework" and "Circulars". Yours faithfully, Ruchi Chojer General Manager Phone No. 022-26449310 Email id: [email protected] Annexure Sharing of information between Debenture Trustees (DTs) and Credit Rating Agencies (CRAs) A. Information from CRAs to DTs 1. Rating assigned/revised for debt securities along with the rationale for th .....

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..... the DRR/invocation of guarantee which could affect the payment of debenture obligations. This information shall be shared annually. 3. Details of redemption of the issue. 4. Any default committed including the default in payment of interest or redemption of debentures or delay in creation of security. 5. Any change or restructuring of the terms of the issue. 6. Periodic reports from lead bank .....

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