Revision of timelines to working days for credit rating processes streamlines rating reviews and press-release obligations. CRAs must treat specified procedural periods in the Master Circular as working days, immediately converting press-release publication, rating-review dissemination after issuer statements, INC migration after NDS non-submission, and follow-up/press-release triggers for missing debenture trustee confirmations into working-day timelines, to ensure uniformity in handling rating actions and disclosures.
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Provisions expressly mentioned in the judgment/order text.
Revision of timelines to working days for credit rating processes streamlines rating reviews and press-release obligations.
CRAs must treat specified procedural periods in the Master Circular as working days, immediately converting press-release publication, rating-review dissemination after issuer statements, INC migration after NDS non-submission, and follow-up/press-release triggers for missing debenture trustee confirmations into working-day timelines, to ensure uniformity in handling rating actions and disclosures.
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