https://www.taxtmi.com/circulars?id=68603 SEBI permits Credit Rating Agencies to use an Expected Loss (EL) based Rating Scale, in addition to standardized rating scales and Probability of Default ratings, for rating Municipal Bonds issued to finance infrastructure assets; this directive is effective immediately and issued under Section 11(1) of the SEBI Act read with Regulation 20 of the CRA Regulations. en-us Thu, 15 May 2025 00:00:00 +0530 Thu, 15 May 2025 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68603 SEBI permits Credit Rating Agencies to use an Expected Loss (EL) based Rating Scale, in addition to standardized rating scales and Probability of Default ratings, for rating Municipal Bonds issued to finance infrastructure assets; this directive is effective immediately and issued under Section 11(1) of the SEBI Act read with Regulation 20 of the CRA Regulations. Circulars SEBI Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68603