Rating review procedure requires a distinct majority committee with at least one third independent members to reconsider issuer requests. CRAs may rate financial instruments under guidelines of specified financial sector regulators and undertake incidental research. Requests by issuers for rating review must be examined by a rating committee with a majority of members different from those who assigned the earlier rating and with at least one third independent members; all other provisions of the earlier circular remain unchanged.
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.
Rating review procedure requires a distinct majority committee with at least one third independent members to reconsider issuer requests.
CRAs may rate financial instruments under guidelines of specified financial sector regulators and undertake incidental research. Requests by issuers for rating review must be examined by a rating committee with a majority of members different from those who assigned the earlier rating and with at least one third independent members; all other provisions of the earlier circular remain unchanged.
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