Circular regarding introduction of Expected Loss (EL) based rating scale and standardization of rating scales used by credit rating agencies (dated – 16.07.2021) – SEBI
View PdfCircular regarding introduction of Expected Loss (EL) based rating scale and standardization of rating scales used by credit rating agencies (dated – 16.07.2021) – SEBI
- The CRAs shall ensure compliance with the requirements of this circular, latest by March 31, 2022 and also place the compliance status of this circular before their Board of Directors. Further, the CRAs are advised to confirm compliance of this circular to SEBI latest by April 15, 2022.
- All the provisions of this circular are applicable with immediate effect except Section B above which comes into effect from April 01, 2022.
- This circular is issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 20 of SEBI (Credit Rating Agencies) Regulations, 1999, to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.
