https://www.taxtmi.com/circulars?id=65893 For ratings that consider any specified support consideration, CRAs must publish both the unsupported rating (excluding explicit support) and the supported rating (including the support) in the press release, provide a detailed explanation of security covenants, conduct independent due diligence and, where warranted, obtain external legal opinion, and verify that the support is unconditional, irrevocable and legally enforceable, that the support provider has adequate financial strength, and that the provider's probability of default remains lower than the issuer's for the life of the ratings. en-us Wed, 28 Sep 2022 00:00:00 +0530 Wed, 28 Sep 2022 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65893 For ratings that consider any specified support consideration, CRAs must publish both the unsupported rating (excluding explicit support) and the supported rating (including the support) in the press release, provide a detailed explanation of security covenants, conduct independent due diligence and, where warranted, obtain external legal opinion, and verify that the support is unconditional, irrevocable and legally enforceable, that the support provider has adequate financial strength, and that the provider's probability of default remains lower than the issuer's for the life of the ratings. Circulars SEBI Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65893