Measures for Ease of Doing Business for Credit Rating Agencies (CRAs) – Timelines and Disclosures

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....ss for Credit Rating Agencies (CRAs) - Timelines and Disclosures (Modification to Chapter III of the Master Circular for Credit Rating Agencies dated May 16, 2024) 1. Para 28.3.3 of the Master Circular for CRAs - SEBI/HO/DDHS/DDHS-POD3/P/CIR/2024/47 dated May 16, 2024 ("Master Circular"), prescribes the timeline to be followed by CRAs for dissemination of Press Release on CRA's website and i....

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....ays of the Rating Committee meeting Dissemination of Press Release on CRA's website and intimation of the same to Stock Exchange/ Debenture Trustee 7 working days of the Rating Committee meeting * While an outer timeline of 1 working day has been specified, CRAs shall endeavor to communicate the rating to the issuer on the same day as the Rating Committee meeting. 3. Para 31.1.2 ....

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....re Trustees upon request. Further, disclosures in respect of the said aspects shall continue to be made available by the CRAs on their website under the issuer-specific Press Releases/ Rating Rationale section of the respective issuer, wherever applicable. 5. Applicability: The circular shall be applicable with effect from August 01, 2024. 6. Monitoring: Monitoring of this circular shall be ....