Revised timelines for Credit Rating Agencies: faster rating reviews, press releases, non-payment tagging.

SEBI has revised the timelines for Credit Rating Agencies (CRAs) to enhance business efficiency. The changes include requiring CRAs to publish a press release within 7 working days following a rating action and to conduct a rating review within 2 working days upon receiving a delayed payment statement. Ratings must be tagged as INC within 5 working days after three consecutive non-submissions of no-default statements. Additionally, CRAs must follow up with issuers within 2 working days if no confirmation on debt servicing is received from the debenture trustee. These modifications are effective immediately under the SEBI Act, 1992 and CRA Regulations. .....

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