Sebi should not discriminate between large and small rating agencies

New CRAs say certain practices in the industry need to be addressed

Domestic and newer credit-rating agencies (CRAs) have said certain practices in the industry need to be addressed even as the Securities and Exchange Board of India (Sebi) has sought to streamline the processes and create a level playing field.

On December 28 last year, after its final board meeting for 2017, Sebi amended the regulations related to CRAs in the country.

The regulator has said that apart from a Rs 250 million minimum net-worth requirement, up from Rs 50 million, the promoters of CRAs need to maintain at least 26 per cent for a minimum of three years from the date of