https://www.taxtmi.com/circulars?id=66186 Amendments introduce an Expected Loss (EL) based Rating Scale for infrastructure instruments with seven EL categories and require CRAs to prefix rating symbols with their name; they mandate press releases on withdrawal (stating reasons) except in specified cases, set procedures and timelines for initial rating communication, issuer acceptance or review/appeal and public disclosure of non-accepted ratings in prescribed formats, update half-yearly and six-month reporting annexures to capture rating actions and defaults, and strengthen governance by excluding MD/CEOs and business-responsible persons from rating committees and requiring issuer-review committees to be largely distinct and include one-third independent members. en-us Fri, 03 Feb 2023 00:00:00 +0530 Sat, 04 Feb 2023 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66186 Amendments introduce an Expected Loss (EL) based Rating Scale for infrastructure instruments with seven EL categories and require CRAs to prefix rating symbols with their name; they mandate press releases on withdrawal (stating reasons) except in specified cases, set procedures and timelines for initial rating communication, issuer acceptance or review/appeal and public disclosure of non-accepted ratings in prescribed formats, update half-yearly and six-month reporting annexures to capture rating actions and defaults, and strengthen governance by excluding MD/CEOs and business-responsible persons from rating committees and requiring issuer-review committees to be largely distinct and include one-third independent members. Circulars SEBI Fri, 03 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66186