SEBI redefined "liquid asset" for Credit Rating Agencies to include low-risk assets easily convertible to cash.

SEBI amended regulation 28B(1)(d)(i) of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, redefining "liquid asset" as a low-risk asset like cash, units of overnight/liquid mutual funds, fixed deposits, government securities, treasury bills, repo on government/corporate bonds that can be easily converted to cash in a short time. .....

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