Guidelines on Seeking Information from External Entities

The following are the external entities with whom the Analyst needs to interact / seek information regarding the entity being rated.

  1. Banker(s) to the rated entity
  2. Statutory Auditors (Optional)
  3. Debenture Trustees to the proposed or past issues of the rated entity

The major points to be covered during the interaction with:

  1. Banker(s):
    • Repayment track record
    • General conduct of the account
    • Pending / Proposed Enhancements, if any
    • Any other issue relevant to the entity being rated
  2. Statutory Auditors (Optional):
    • Changes to the accounting policy, if any
    • Adherence to the accepted norms
    • Related party transactions

    The Analyst shall obtain the required information, preferably in writing. However, if written feedback is not forthcoming, the analyst shall maintain a record of the discussions containing the date of interaction, name of the person interacted with and the synopsis of the interaction.

  3. Debenture Trustees (DTs) to the proposed or past issues of the rated entity - The analyst shall share with and obtain from the debenture trustees information as contained in SEBI circular No. CIR/MIRSD/3/2013 dated March 15, 2013.

Acuité reserves the right to seek feedback from vendors / suppliers, buyers and other investors/lenders, if considered necessary.

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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