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Standardisation of Ratings Scales Used by credit rating agencies - Extension of timeline for implementation

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Full Text of the Document

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.... Extension of timeline for implementation 1. In order to standardise the usage of rating scales, SEBI vide circular no. SEBI/HO/MIRSD/MIRSD_CRADT/P/CIR/2021/594 dated July 16, 2021 advised the credit rating agencies to either align their rating scales with the rating scales prescribed under the guidelines of respective financial sector regulator or authority in terms of Regulation 9(f) of SEBI (C....

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