Standardisation of Ratings Scales Used by credit rating agencies - Extension of timeline for implementation

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..... ed by credit rating agencies - Extension of timeline for implementation 1. In order to standardise the usage of rating scales, SEBI vide circular no. SEBI/HO/MIRSD/MIRSD_CRADT/P/CIR/2021/594 dated July 16, 2021 advised the credit rating agencies to either align their rating scales with the rating scales prescribed under the guidelines of respective financial sector regulator or authority in .....

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..... his circular is issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 20 of SEBI (Credit Rating Agencies) Regulations, 1999 , to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market. Yours faithfully, Richa G. Agarwal .....

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