Regulatory Alerts2025-01-07
Measures for Ease of Doing Business for Credit Rating Agencies – Timelines
The Securities and Exchange Board of India (SEBI) has issued a circular modifying the Master Circular for Credit Rating Agencies to replace calendar days with working days for specific regulatory timelines. This change affects key deadlines including the publication of rating action press releases, the conduct of rating reviews following payment delays, and the migration of ratings to the INC category due to non-submission of No-default Statements. The revised timelines aim to promote ease of doing business by accounting for weekends and holidays when external entities like bankers and debenture trustees are unavailable.
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