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    <title>Guidelines for Enhanced Disclosures by Credit Rating Agencies (CRAs)</title>
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    <description>SEBI requires CRAs to enhance press releases by expanding the Analytical Approach to disclose parent/group/government support and consolidation details, and to include a dedicated Liquidity section addressing liquid assets, access to credit lines, liquidity coverage and any external support links. CRAs must publish average one year Transition Rates over a multi year period using weighted averages across static pools, submit half yearly data on sharp rating actions for exchange disclosure, and extend half yearly Internal Audit scope to cover transition rate and default rate methodologies.</description>
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