Information-sharing obligations for credit rating agencies require structured daily reporting of rating revisions to debenture trustees. Credit rating agencies must use the prescribed structured data template for daily transmission of rating revisions to debenture trustees on the same day as the revision, via the generic regulatory email or other contact means communicated by trustees. This requirement is effective from October 01, 2023, and CRAs must report board-ratified compliance to SEBI within one quarter and include monitoring in the half-yearly internal audit under Regulation 22.
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Information-sharing obligations for credit rating agencies require structured daily reporting of rating revisions to debenture trustees.
Credit rating agencies must use the prescribed structured data template for daily transmission of rating revisions to debenture trustees on the same day as the revision, via the generic regulatory email or other contact means communicated by trustees. This requirement is effective from October 01, 2023, and CRAs must report board-ratified compliance to SEBI within one quarter and include monitoring in the half-yearly internal audit under Regulation 22.
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