Economics · Financial Markets
Consider the operational framework and regulatory oversight of Credit Rating Agencies (CRAs) in India and evaluate the following statements: Statement 1: The Securities and Exchange Board of India (SEBI) requires all credit rating agencies to be registered under the SEBI (CRA) Regulations, 1999, and maintain a minimum net worth of 25 crore rupees. Statement 2: A Credit Rating Agency is prohibited from rating any entity that is its promoter or an entity in which the CRA's promoter holds a stake of 10 percent or more. Statement 3: In the event of a rating being 'Suspended' due to lack of cooperation from the issuer, the CRA is permitted to stop all surveillance activities immediately without any public disclosure. Which of these statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1All statements are correct
- 2Statement 1 and 3 only
- 3Statement 2 and 3 only
- 4Statement 1 and 2 only✓
Correct answer
Statement 1 and 2 only
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