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Guidelines for Credit Rating Agencies

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Full Text of the Document

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....ing agency (CRA) has been defined as a body corporate which is engaged in the business of rating of securities offered by way of public or rights issues. The term "securities" has been defined in Clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956. 2. However it is observed that the CRAs registered with SEBI also carry out rating of other securities / instruments and loan....