Sebi seeks explanation from former CARE Rating chairman, MD for interference in ratings – Outlook India

>Now, the regulator is considering to increase penalty on rating agencies in connection with lapses on their parts in assigning credit ratings to non-convertible debentures of IL&FS. >Moreover, the norms mandate credit rating agencies (CRAs) to ensure total separation between the business development and the analytical or ratings vertical and therefore, no management interference permitted in rating process.

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