Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Chapter IV RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONS
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Restriction on rating of securities: ratings disallowed for issues by promoters or their associates with substantial shareholding. The Regulations prohibit credit rating agencies from rating securities issued by a promoter or by persons closely linked to a promoter; "promoter" is ... Summary
Restriction on rating of securities: ratings disallowed for issues by promoters or their associates with substantial shareholding.
The Regulations prohibit credit rating agencies from rating securities issued by a promoter or by persons closely linked to a promoter; "promoter" is defined by a qualifying shareholding in the agency and "associate" includes bodies corporate in which the promoter holds a qualifying shareholding, with those definitional thresholds determining application of the restriction.
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