Explicit consent for information sharing allows credit rating agencies to obtain borrower repayment details to assess rating impact. Amendments require clients to co-operate with credit rating agencies for periodic rating review, remove the words 'agree to' from clauses (d), (f) and (g), and add a requirement that clients give explicit consent permitting credit rating agencies to obtain details of existing and future borrowings, repayment performance and any delays or defaults from lenders or other organizations to enable timely information flow and assessment of its impact on ratings.
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.
Explicit consent for information sharing allows credit rating agencies to obtain borrower repayment details to assess rating impact.
Amendments require clients to co-operate with credit rating agencies for periodic rating review, remove the words "agree to" from clauses (d), (f) and (g), and add a requirement that clients give explicit consent permitting credit rating agencies to obtain details of existing and future borrowings, repayment performance and any delays or defaults from lenders or other organizations to enable timely information flow and assessment of its impact on ratings.
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