Periodic review obligation requires agencies to reassess published ratings and disclose when based on best available information. Every credit rating agency must carry out periodic reviews of all published ratings during the lifetime of the securities; if a client does not cooperate, the agency shall review on the basis of the best available information and disclose when a rating is so based; a rating shall not be withdrawn while the obligations under the security are outstanding except where the company is wound up, merged or amalgamated, or as specified by the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Periodic review obligation requires agencies to reassess published ratings and disclose when based on best available information.
Every credit rating agency must carry out periodic reviews of all published ratings during the lifetime of the securities; if a client does not cooperate, the agency shall review on the basis of the best available information and disclose when a rating is so based; a rating shall not be withdrawn while the obligations under the security are outstanding except where the company is wound up, merged or amalgamated, or as specified by the Board.
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