Policy for Placing Ratings on Credit Watch

Last Reviewed On: May 08, 2023 (Version 3.0)

Subsequent to assignment of the rating, and before the scheduled review process, if material changes in the rating driver(s) take place and if Acuité believes that such developments have a possible impact on the rating assigned then the rating shall be put on Rating Watch till the time the review takes place.

Acuite will use the following standard descriptors when an issuer / security is placed on "Rating Watch”:

"Rating Watch with Positive Implications”

"Rating Watch with Developing Implications”

"Rating Watch with Negative Implications”

Acuité will inform the users of ratings by publicly disseminating the "Rating Watch" through a press release.