Enhanced Standards for Credit Rating Agencies (CRAs) - Clarifications

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....ions 1. Please refer to SEBI Circular No. SEBI/HO/MIRSD/MIRSD4/CIR/P/2016/119 dated November 01, 2016 on Enhanced Standards for Credit Rating Agencies (CRAs). Based on the representations received from the industry and in consultation with CRAs, following has been decided: I. Point 2D (I) of Annexure A of aforementioned Circular on „Standardization of Press Release for Rating Act....

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....ssigned for: i. Short term ratings ii. Ratings in the "C‟ and "D‟ categories iii. Ratings on watch iv. Ratings of securitization transactions backed by pool of loans, as CRAs are already mandated to disclose at least once in every six months the performance of the rated pool, as per provisions of CIR/MIRSD/CRA/6/2010 dated May 03, 2010. v. C....

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....ch 01, 2012 shall continue to apply. II. Open ended Mutual Fund schemes being perpetual in nature and having no specified maturity, withdrawal of rating of such schemes is permitted. However, as units of such schemes are held by many investors, such ratings shall be placed on notice of withdrawal for atleast 30 days, which shall be publicly available on the CRA‟s website. I....