TaxTMI 
TaxTMI 
Rating Agencies
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....ating Agencies <br>News and Press Release<br>Dated:- 15-3-2013<br><BR>According to SEBI (Credit Rating Agencies) Regulations, 1999, a credit rating agency (CRA) shall not offer fee-based services to t....
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....he rated entities, beyond credit ratings and research. Further, SEBI Guidelines require a CRA to disclose annually : (a) Its total receipt from rating services and non-rating services, (b) Is....
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....suer wise percentage share of non-rating income of the CRA and its subsidiary to the total revenue of the CRA and its subsidiaries from that issuer, and (c) Names of the rated issuers who along wit....
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....h their associates contribute 10% or more of total revenue of the CRA and its subsidiaries. The aforesaid provisions have been made to avoid any conflict of interest and to ensure arm's length rela....
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....tionship between credit rating activity and other activities of CRA. As per available records, no rating agency has opposed the aforesaid guidelines. This was stated by Minister of State for Fin....
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....ance, Shri Namo Narain Meena, in written reply to a question in the Lok Sabha today.<BR> News - Press release - PIB....