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<h1>SEBI Requires Credit Rating Agencies to Disclose Non-Cooperative Issuers, Mandates Daily Updates and Compliance Audits.</h1> The Securities and Exchange Board of India (SEBI) mandates Credit Rating Agencies (CRAs) to disclose information on issuers not cooperating (INC) with them. CRAs must review ratings based on available information if issuers are uncooperative and disclose such ratings accordingly. To enhance transparency, CRAs are required to publish two separate lists of non-cooperative issuers: one for listed securities and another for other ratings, updated daily. This circular takes effect on July 15, 2023, with compliance reports due within one quarter. Monitoring will occur through half-yearly internal audits, as per CRA regulations.