SEBI tightens rules for provisional debt rating
SEBI tightens rules for provisional debt rating Updated: Updated: CRA to check pendency of compliance Share Article AAA These documents or compliances include execution of guaranteed deed, opening of escrow account and setting up of debt service reserve account. | Photo Credit: REUTERS CRA to check pendency of compliance Markets regulator SEBIcame out with a new framework to strengthen policies on provisional rating by credit rating agencies (CRAs) for debt instruments. Under the framework, all provisional ratings (‘long term’ or ‘short term’) for debt instruments need to be pref...