 "Sebi")
The Securities and Exchange Board of India (Sebi) has issued a framework for dealing with suspension, cancellation or surrendering of license of credit rating agencies (CRAs) to ensure orderly migration of the ratings.
The regulator has directed CRAs to disclose prominently on their website Sebi’s order on suspension or cancellation. Further, allow their clients to withdraw any assignment given to the CRA, without any additional cost. Also, not take any new clients or fresh mandates.
“In case of cancellation of certificate of registration, the credit ratings assigned by the CRA shall be valid till such time the client withdraws the
