Sebi proposes guidelines for CRAs on detailed reasons for rating actions
The proposed guidelines should consider situations like force majeure events, incorrect investor accounts, or government freezes, alongside significant changes to the company's credit risk profile.
![Sebi proposes guidelines for CRAs on detailed reasons for rating actions](https://cdn.zeebiz.com/sites/default/files/2024/07/25/306803-sebi-new-pti.png?im=FitAndFill=(1200,900))
At present, CRAs can classify certain situations (like minor delays due to operational issues) as technical defaults. Source: PTI