Credit rating agencies will have to submit their disclosures to the debenture trustees in a specified format for easier accessibility and analysis of the data submitted by them, according to Sebi.
Under Sebi norms, credit rating agencies (CRAs) have to share certain information with Debenture Trustees (Dts).
In this regard, the Securities and Exchange Board of India (Sebi) has come out with an Excel template.
“CRAs shall use the same template for their daily submissions of rating revisions to DTs,” as per the circular, which will be effective from October 1.
Further, CRAs should report on their compliance with the circular, as ratified by their respective board of directors, to Sebi within one quarter from the date of applicability of the circular.