AUDIT GUIDELINES FOR CREDIT RATING AGENCIES

The Securities and Exchange Board of India (SEBI), in consultation with the Credit Rating Agencies (CRAs) and also with the other regulators, has decided that CRAs shall follow the applicable requirements pertaining to rating process and methodology and its records, transparency and disclosures, avoidance of conflict of interest, code of conduct, etc, as prescribed in the regulations and circulars issued by SEBI from time to time.