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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Mandates CRAs to Standardize Sharp Rating Actions, Enhances Disclosure Norms for Listed Securities and Perpetual Debt.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular to enhance transparency and disclosures by Credit Rating Agencies (CRAs) under the CRA Regulations. The circular mandates CRAs to standardize the computation and disclosure of sharp rating actions, particularly for securities listed or proposed to be listed on recognized stock exchanges. It requires CRAs to disclose sharp rating actions, including those involving non-cooperative issuers, and outlines policies for assessing non-cooperation by issuers. The circular also revises norms for rating withdrawal, especially for perpetual debt securities, and mandates enhanced disclosure practices, including maintaining an archive of disclosures for ten years. The circular's provisions are applicable from specified dates in 2022 and 2023.
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