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<h1>SEBI Circular Simplifies Operations for Credit Rating Agencies with New Timelines for Ratings and Appeals, Effective Aug 2024.</h1> The circular issued by SEBI outlines measures to ease business operations for Credit Rating Agencies (CRAs). It modifies timelines for CRAs to communicate ratings and handle issuer appeals following periodic surveillance. Key changes include a one-day deadline for rating communication, a three-day window for issuer appeals, and a seven-day timeline for press release dissemination. CRAs must maintain an archive of disclosures for ten years and provide specific disclosures at designated frequencies. The circular, effective August 1, 2024, will be monitored through half-yearly internal audits as mandated by CRA regulations, aiming to protect investor interests and regulate the securities market.