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<h1>Credit rating agencies must disclose rating definitions, symbols, and rationales under Regulation 18 of the 1999 SEBI Regulations.</h1> Every credit rating agency is required to publicly disclose the definitions of their ratings along with the corresponding symbols. They must clarify that these ratings are not recommendations to buy, hold, or sell any securities. Additionally, agencies must provide the public with information on the rationale behind the ratings, including an analysis of factors that justify a favorable assessment and those that present risks. These obligations are outlined in the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, specifically under Regulation 18.