The SEBI has issued guidelines for enhanced disclosure by Credit Rating Agencies (CRA) wherein it has directed credit rating companies to start disclosing the probability of default for the issuers they rate, the probability shall be based on a 10 year Marginal Default Rate (MDR) approach, using monthly static pool. Also sensitive factors such as financial performance, sector concerns need to be disclosed. SEBI has also directed CRAs to compute cumulative default rates on annual basis.
from taxmann.com News http://bit.ly/2WIWWOT
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