Credit rating flexibility for IFSC debt issues allows domestic or foreign-registered credit rating agencies to be used. For debt issues within the IFSC under the SEBI (International Financial Services Centres) Guidelines, 2015, the credit rating may be obtained either from a recognized credit rating agency registered with the Board or from any credit rating agency registered in a foreign jurisdiction, permitting issuers to rely on domestic Board-registered or foreign-registered rating agencies to satisfy the rating requirement for debt securities.
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.
Credit rating flexibility for IFSC debt issues allows domestic or foreign-registered credit rating agencies to be used.
For debt issues within the IFSC under the SEBI (International Financial Services Centres) Guidelines, 2015, the credit rating may be obtained either from a recognized credit rating agency registered with the Board or from any credit rating agency registered in a foreign jurisdiction, permitting issuers to rely on domestic Board-registered or foreign-registered rating agencies to satisfy the rating requirement for debt securities.
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