Description |
Timeline |
Reporting of Signed mandate with fee payment |
Day T |
Case allocation to Analyst* |
Day T+1 |
Send communication to seek required data and information |
Day T+3 |
Receipt of Minimum Information (Timer is Reset) |
Day T1 |
Management interaction from date of receipt of complete information |
Day T1+7 |
Submission to RCM# |
Day T1 + 12 |
RCM |
Day T1 + 14 |
Communication of Rating and sending LoA template |
Day T1+16 |
Receipt of Signed LoA (applicable for fresh cases) |
Day T2* |
Dissemination of Rating and publishing on website |
Day T2+2 |
Surveillance & Monitoring - On-going process |
As per SEBI requirements |
* Case allocation to analyst:
The Rating Desk, which is an independent team that is not involved in the execution of rating assignments, allocates the new cases received on the basis of multiple factors such as, region/geography of the issuer, industry/ sector, product (BLR/Bonds) debt quantum, case complexity, vintage and experience of the analyst, bandwidth of the analyst, group entity(s) of the issuers already rated etc. If need be, the Rating Desk may seek inputs from the Head – Ratings / President – Ratings in this matter.
# Submission to RCM:
Wherever required, the rating note is reviewed by the Team Leader/ Head before submission to RCM.
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.
*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.
Timeline
Once Acuité receives all required information from the client the rating process will be completed and the case will be presented at the Rating Committee Meeting within 3 to 4 weeks.