Rating process: Credit rating agencies must follow prescribed procedures and disclose ratings after periodic review. Regulation 24 mandates that credit rating agencies establish and file a specified rating process with the Board, maintain professional rating committees and qualified analysts to take all rating decisions, exercise due diligence, avoid rating their own securities, notify the Board about new instruments or changes to rating definitions, and disclose assigned ratings and periodic review outcomes to the stock exchange and the public via press releases and websites.
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Provisions expressly mentioned in the judgment/order text.
Rating process: Credit rating agencies must follow prescribed procedures and disclose ratings after periodic review.
Regulation 24 mandates that credit rating agencies establish and file a specified rating process with the Board, maintain professional rating committees and qualified analysts to take all rating decisions, exercise due diligence, avoid rating their own securities, notify the Board about new instruments or changes to rating definitions, and disclose assigned ratings and periodic review outcomes to the stock exchange and the public via press releases and websites.
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