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According to a Mint report, markets regulator Securities and Exchange Board of India (Sebi) could cancel the license of Brickwork Ratings for repeated lapses in the credit rating process. In the recent past, Sebi had asked for removal of top officials at rating agencies. However, this will be a rare instance of a license being revoked of a major market intermediary. We try to simplify the issue for you:
What is Brickwork Ratings?
Brickwork Ratings is one of the seven Sebi-registered credit rating agencies (CRA). The other six being Care, ICRA, Crisil, Fitch and Infomerics Ratings and Acuité Ratings &
