Dear Sir \ Madam,
The Securities and Exchange Board of India (SEBI) has issued Circular No. SEBI/HO/DDHS/DDHS-POD3/P/CIR/2024/47 dated May 16, 2024, regarding timelines to be followed by Credit Rating Agencies (CRAs) for review of ratings and publication of press release.
To bring about uniformity in dealing with rating reviews and publication of Press Release by CRAs, SEBI has prescribed revised timelines and accordingly modified the Master Circular for CRAs SEBI/HO/DDHS/DDHS-POD3/P/CIR/2024/47 dated May 16, 2024.
This circular shall be applicable with immediate effect.
The aforesaid circular is attached for reference.
All issuers who have listed and/or proposed to be listed non-convertible are requested to take note and comply accordingly.
Manu Thomas Kunal Borkar
Addl. General Manager Manager
Listing Compliance Listing Compliance
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