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SEBI Tightens Norms for Provisional Rating of Debt Instruments by Credit Rating Agencies Moneylife Digital Team  0 Market regulator Securities and Exchange Board of India (SEBI) has issued  new guidelines to strengthen policies on provisional rating by credit rating agencies (CRAs) for debt instruments. As per new guidelines, CRAs cannot assign a rating, including provisional decisions, to an issuer or client evaluating strategic decisions.   According to the SEBI circular, all provisional ratings (long term or short term) for debt instruments need to be prefixed as 'provisional' before t...

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...