CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF MUNICIPAL DEBT SECURITIES - Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF MUNICIPAL DEBT SECURITIES - Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
Credit rating requirement: issuers must obtain and disclose registered credit ratings, and disclose all multiple ratings obtained. Issuers must obtain a credit rating from at least one credit rating agency registered with the Board and disclose that rating in the offer document or ... Summary
Credit rating requirement: issuers must obtain and disclose registered credit ratings, and disclose all multiple ratings obtained.
Issuers must obtain a credit rating from at least one credit rating agency registered with the Board and disclose that rating in the offer document or placement memorandum; if multiple ratings are obtained from registered agencies, all ratings, including unaccepted ratings, must be disclosed in the offer document or placement memorandum.
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