SEBI is inviting public comments on a proposed update to Paragraph 15 of the Master Circular for Credit Rating Agencies (CRAs). The draft aims to amend how CRAs handle default ratings by removing the term “technical default” and incorporating more practical considerations such as force majeure events and significant changes affecting a firm’s credit risk.
Read more at: https://taxguru.in/sebi/sebi-consultation-paper-draft-amendment-para-15-cra-master-circular.html
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