TaxTMI 
TaxTMI 
Credit rating agencies
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...., and every such agreement shall include the right and liabilities of each party and fee to be charged by such credit rating agency. (2) The client shall provide all co-operation required for arriving at a true and accurate rating of the securities or other permitted financial products by a registered credit rating agency. (3) A registered credit rating agency shall inform to the client the rati....
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....pt where such request might give rise to avoiding an imminent rating change, or (d) Where such credit rating agency is constrained from providing service due to events beyond its control: Provided further that the reason for withdrawal of rating shall be mentioned in the press release issued by the registered credit rating agency withdrawing such rating. (6) A registered credit rating ag....
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....ile a copy of the same to the Authority for record. (10) A registered credit rating agency shall have professional rating committees, comprising members who are adequately qualified and knowledgeable to assign a rating, and all rating decisions shall be taken by the said committee. (11) A registered credit rating agency shall exercise due diligence to ensure that the rating given by it is fair a....