%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(86).png "Sebi issues new guidelines to streamline operations of credit rating agencies")
- These guidelines come into effect on August 1, 2024.
- Here's a quick rundown of the key changes:
- Clearer timelines for appeals: CRAs must now inform companies about their credit rating within one working day of the rating committee meeting. Companies have 3 working days to request a review or appeal the decision.
- Faster dissemination of information: Press releases about the rating decision must be published on the CRA's website and communicated to the stock exchange or debenture trustee within 7 working days of the meeting.
Question:
1 Under the new SEBI guidelines, how many working days do companies have to request a review or appeal the credit rating decision?
- A) 5 working days
- B) 3 working days
- C) 7 working days
- D) 10 working days
