Introduction to 'working days': Sebi revises working norms for credit rating agencies

SEBI updates rules for credit rating agencies, switching to 'working days' for compliance deadlines. The new guidelines require press releases within seven working days, adjust timelines for delays in debt servicing, and mandate faster tagging of 'issuer not cooperating' and debt servicing confirmation.

Introduction to 'working days': Sebi revises working norms for credit rating agencies

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SEBI updates rules for credit rating agencies, switching to 'working days' for compliance deadlines. The new guidelines require press releases within seven working days, adjust timelines for delays in debt servicing, and mandate faster tagging of 'issuer not cooperating' and debt servicing confirmation.