23rd March 2024 (Version 11)

 

 

 

Description	Timeline
Business Development (BD) Representative generates / regenerates link for Rating Application and sends it to the Client for Acceptance on the same Calendar Day. Client accepts the Terms through an OTP Process	Day T
Submission of Mandate for BD Quality Check (QC) and Finance Clearance / Resubmission after being rejected by BDQC; timer is reset	Day T1
Clearing BD QC	Day T1+ 1
Case Allocation by Rating Administration and system generated mail for seeking information.	Day T1 + 2
Management interaction or receipt of full information-whichever is later; timer is reset	Day T2
Submission / resubmission of Case for Pre-RCM QC	Day T2+4
Submission to Rating Desk for inclusion in a RC Meeting#	Earliest: Day T2+4  Latest: Day T2+6
RC Meeting	Earliest: Day T2+4 Latest: Day T2+7
Communication of the rating assigned to issuer	2 working days of rating committee decision
Receipt of manually / electronically signed Letter of Acceptance (applicable for fresh cases); timer is reset	Day T3$
Dissemination of rating and publishing on website	Day T3 + 2
Surveillance & Monitoring: On-going process	As per SEBI requirements

 

 

 

 

Appeal
The client has an option to appeal against the rating assigned. If the client chooses to appeal against the rating assigned, Acuité will accept such a request at its discretion, only upon being provided with additional, material information not provided earlier. Such a request can be made within 05 days of communication of rating and shall be accepted only once.

Acceptance of rating by the issuer after 5 working days of communication, but within a month of assigning the rating:
In cases where rating is accepted by the issuer after 5 working days of communication of rating, but within a month (i.e. before the rating is published as an ‘Unaccepted Rating’), Acuite would follow the timelines prescribed by SEBI and accordingly publish the Press Release within 2 working days of the receipt of formal acceptance of the rating by the issuer.

$Disclosure of Unaccepted Rating
Acuité will disclose the unaccepted ratings on its website within a month from the date of communication of rating to the client, as per prevailing SEBI guidelines..