SEBI Updates Credit Rating Agency Norms to Introduce 'Working Days' Compliance - PRESS AI WORLD
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SEBI Updates Credit Rating Agency Norms to Introduce 'Working Days' Compliance

share-iconWednesday, January 08 comment-icon1 week ago 7 views
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indiatimesINDIATIMES
SEBI Updates Credit Rating Agency Norms to Introduce 'Working Days' Compliance

Credited from: INDIATIMES

  • The **Securities and Exchange Board of India (SEBI)** has updated regulations for **credit rating agencies (CRAs)** to include **"working days"** for compliance timelines.
  • This revision aims to **standardize rating processes** and follows recommendations from a working group addressing challenges with calendar-based timelines.
  • Key changes include the requirement for CRAs to publish **press releases on rating actions** within **seven working days** of events, previously seven calendar days.
  • The timeline for CRAs to review ratings during **debt servicing delays** has been adjusted to **two working days**, improved from two calendar days.
  • Changes take effect immediately, focusing on improving **operational efficiencies** within the credit rating sector.

For more details, visit the original article here.

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