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<h1>SEBI Mandates Enhanced Disclosure Guidelines for Credit Rating Agencies to Boost Transparency and Investor Protection.</h1> The circular issued by SEBI outlines guidelines for enhanced disclosures by Credit Rating Agencies (CRAs) to improve transparency and investor understanding. CRAs must include specific disclosures in press releases about rating actions, detailing factors like parent or group support and liquidity. They are required to review rating criteria, monitor repayment schedules, and address material events such as bond spread deviations. CRAs must disclose average rating transition rates over five years and provide data on sharp rating actions to stock exchanges and depositories biannually. The circular mandates internal audits to ensure compliance with these guidelines, aiming to protect investors and regulate the securities market.