Last Reviewed On: August 02, 2024 (Version 5.0)
In line with SEBI guidelines and as provided for in the Circulars issued by the former from time to time, Acuite will adhere to the prescribed timelines for accepting requests for appeal by issuers.
Case Type |
Scenario |
Timelines – immediately but not later than |
Initial Rating+ |
Acceptance of Rating or request for review/appeal of Rating by the Issuer |
5 working days of communication of rating by the CRA to the Issuer |
Periodic surveillance |
Request for review/ appeal of rating by the Issuer |
3 working days of the Rating Committee meeting |
An issuer can request a reconsideration of their rating as
per the above timelines depending on the case type. A request for appeal will
be considered only once.
To initiate the appeal process, the issuer should follow these steps:
Issuers and users of ratings are advised to refer the following circulars:
Circular |
Date |
Link |
Master Circular for Credit Rating Agencies (CRAs)# |
May 16, 2024 |
|
Measures for Ease of Doing Business for Credit Rating Agencies (CRAs) – Timelines and Disclosures# |
Jul 04, 2024 |
#Source: www.sebi.gov.in
This version supersedes the earlier versions.