Standardisation of rating symbols requires CRAs to adopt uniform definitions and disclose changes to investors and on websites. Standardisation of rating symbols and definitions is mandated for CRAs across six categories of debt-related instruments; CRAs must adopt the prescribed symbols and definitions for new ratings, prefix symbols with the CRA name, and for existing ratings publish the new symbols on their websites, update rating lists, and inform clients that symbol changes do not constitute rating changes. Modifiers for comparative standing are prescribed and CRAs must report implementation status to the regulator and place compliance before their Boards.
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Provisions expressly mentioned in the judgment/order text.
Standardisation of rating symbols requires CRAs to adopt uniform definitions and disclose changes to investors and on websites.
Standardisation of rating symbols and definitions is mandated for CRAs across six categories of debt-related instruments; CRAs must adopt the prescribed symbols and definitions for new ratings, prefix symbols with the CRA name, and for existing ratings publish the new symbols on their websites, update rating lists, and inform clients that symbol changes do not constitute rating changes. Modifiers for comparative standing are prescribed and CRAs must report implementation status to the regulator and place compliance before their Boards.
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TaxTMI 
