https://www.taxtmi.com/circulars?id=64038 Revision permits CRAs generally to upgrade a cured default to non-investment grade after a 90-day satisfactory performance period, while allowing case-by-case deviations subject to a detailed, published policy. Deviations must be reported to the Ratings Sub-Committee half-yearly with rationale. CRAs must also publish a policy for upgrading defaults to investment grade and may consider scenarios that fundamentally change credit risk, such as technical defaults, management change, acquisition, large long-term fund inflows, or regulatory benefits. en-us Thu, 21 May 2020 00:00:00 +0530 Thu, 21 May 2020 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64038 Revision permits CRAs generally to upgrade a cured default to non-investment grade after a 90-day satisfactory performance period, while allowing case-by-case deviations subject to a detailed, published policy. Deviations must be reported to the Ratings Sub-Committee half-yearly with rationale. CRAs must also publish a policy for upgrading defaults to investment grade and may consider scenarios that fundamentally change credit risk, such as technical defaults, management change, acquisition, large long-term fund inflows, or regulatory benefits. Circulars SEBI Thu, 21 May 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64038