CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF MUNICIPAL DEBT SECURITIESSecurities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
CONDITIONS FOR CONTINUOUS LISTING AND TRADING OF MUNICIPAL DEBT SECURITIESSecurities 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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