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Making rating agencies accountable — Sebi has taken the first step, but it is not enough

Updated : July 01, 2019 10:49 PM IST

Every rating agency has to now link their rating with a quantitative number and can’t hide behind words such as ‘high degree of safety’ or ‘moderate degree of safety’.
A provision for clawback of rating fees if the post-facto performance of ratings is out of sync with ex-ante disclosed PDs is imperative.
Making rating agencies accountable — Sebi has taken the first step, but it is not enough
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