Wednesday, June 15, 2016

SEBI to tighten disclosure rules for credit rating agencies

To safeguard investors' interest, capital markets regulator Securities and Exchange Board of India (SEBI) might soon ask Credit Rating Agencies (CRAs) to make greater disclosure about suspension and subsequent withdrawal of ratings, and periodic review of the criteria used for ratings. Rating agencies should be made more responsible and accountable. The regulator might mandate CRAs to make public the criteria used for rating and it should be reflected in their press releases.

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