Disclosures as per SEBI's circular CIR/MIRSD/CRA/6/2010 dated May 03, 2010 and SEBI/ HO/ MIRSD/ DOP2/ CIR/ P/ 2018/ 86 dated May 30, 2018

6.1

Rating Procedure

  • Policies
  • Methodology
  • Procedures
  • 6.2

    Credit Rating History and Defaults

    6.2.1 Details of new credit ratings assigned - Annexure I
    6.2.2 Movement of credit rating of all outstanding securities
    a) Movement of each credit rating - Annexure II
    b) Movement of each credit rating from investment grade to non-investment grade and vice versa - Annexure III
    6.2.3 History of credit ratings of all outstanding securities
    Annexure V
    6.2.4 List of defaults separately for each rating category
    Annexure VI
    6.2.5 Average default rates for the last five financial years
    Annexure VII

    6.3

    Income

    6.3.1 General nature of compensation arrangements with the issuers
    6.3.2 In case of accepted ratings, disclosure of conflicts of interest, if any. Not Applicable
    6.3.3 Income Disclosures
    6.3.3.1 Breakup of income
    6.3.3.2 Issuer wise percentage share of non-rating income to total revenue. Acuité does not provide non-rating services to any issue in India.
    6.3.3.3 Issuers contributing 10% or more of the total revenue. No issue is contributing 10% or more of Acuité's total revenue.

    6.4

    Structured Finance Products

    6.4.1 Compliant
    6.4.2 Performance of rated pools
    Not applicable

    6.5

    Unsolicited Credit Ratings

  • Acuité Ratings & Research Limited does not carry out any unsolicited ratings.
  • 6.6

    Our Shareholding

    6.7

    Compliance status of IOSCO Code of Conduct

     

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    Our exciting journey started in 2005 with rating of bank borrowers most of whom were small and medium enterprises. At that time, credit rating was a concept known only to large issuers of capital market instruments. Since then, like a caterpillar transforms itself into a beautiful butterfly, we transformed to rate bonds, bank facilities of large corporates and issuers across industries. Along came many achievements - SEBI Registration in 2011, RBI accreditation in 2012, 50,000 ratings in 2018, 5,000 Bond and Bank Loan Ratings in 2017, launch of India's first Android and iPhone app to disseminate rating, tamper-proof QR-code-enabled rating rationales, and SMERA Terminal to name a few.

    Now is the time to re-emphasize our increasing footprint across all segments of ratings through the launch of our new name - 'Acuité'.

    The name has changed. The spirit of upholding highest standards of analytical rigour, continuous improvement, excellence in our processes and quest for innovation remains the same. We would like to re-emphasize that we will continue to work hard to provide independent, unbiased and timely opinion of highest standard.

    Acuité means 'sharpness and clarity of thought and vision'. Let our research and ratings help you take decisions with confidence.


    Sankar Chakraborti
    CEO