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        SEBI

        SEBI modified timelines in Master Circular for Credit Rating...

        SEBI Updates CRA Timelines: Press Releases in 7 Days, Rating Reviews in 2 Days, Effective Immediately.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                SEBI modified timelines in Master Circular for Credit Rating Agencies (CRAs) to promote ease of doing business. Key changes are publication of press release within 7 working days of rating action, conducting rating review within 2 working days of receipt of delayed payment statement, tagging ratings as INC within 5 working days of 3 consecutive non-submission of no-default statements, following up with issuer within 2 working days if no confirmation received from debenture trustee on debt servicing. The circular is effective immediately under SEBI Act, 1992 and CRA Regulations.
                                Note: It is a system-generated summary and is for quick reference only.
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