Measures for Ease of Doing Business for Credit Rating Agencies (CRAs) –Timelines

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....uritized Debt Instruments, Security Receipts, Municipal Debt Securities or Commercial Paper Recognized Stock Exchanges, All Depositories registered with SEBI Madam/ Sir, Sub: Measures for Ease of Doing Business for Credit Rating Agencies (CRAs) -Timelines (Modification to Chapter II and Chapter III of the Master Circular for Credit Rating Agencies dated May 16, 2024) 1. The Master Circul....

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....itten confirmation on holidays/ non-working weekends. 3. In order to promote Ease of Doing Business and bring about uniformity in dealing with rating reviews and publication of Press Release by CRAs, it has been decided to modify the following paras of the Master Circular as below: S. No. Timelines with existing as underlined Revised timelines in the existing para 1. Clause 9.2.2: CRAs sha....

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....d shall tag such ratings as INC within a period of 7 days of three consecutive months of non-submission of NDS. The CRA in its judgement may migrate a rating to the INC category before the expiry of three consecutive months of non-receipt of NDS. 5 working days 4. Clause 28.2.1: In case no confirmation of servicing of debt obligation by the Issuer is received by the CRA from the Debenture Trus....