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SEBI - Highlights / Catch Notes

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SEBI modified timelines in Master Circular for Credit Rating ...


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

January 9, 2025

Circulars     SEBI

SEBI modified timelines in Master Circular for Credit Rating Agencies (CRAs) to promote ease of doing business. Key changes are publication of press release within 7 working days of rating action, conducting rating review within 2 working days of receipt of delayed payment statement, tagging ratings as INC within 5 working days of 3 consecutive non-submission of no-default statements, following up with issuer within 2 working days if no confirmation received from debenture trustee on debt servicing. The circular is effective immediately under SEBI Act, 1992 and CRA Regulations.

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