Economics · Financial Markets
Evaluate the following statements regarding the analytical methodology and disclosure requirements of Credit Rating Agencies (CRAs) in India: Statement 1: CRAs are mandated to disclose their 'Rating Methodology' for every sector they cover on their official website, providing a detailed breakdown of quantitative and qualitative factors. Statement 2: When a rating is downgraded by more than two notches in a single action, the CRA is required to provide a detailed press release explaining the specific reasons for the sudden change. Statement 3: The identity of the individual members of the 'Rating Committee' must be disclosed in every rating press release to ensure public accountability. Which of these statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement 1 and 2 only✓
- 2Statement 1 and 3 only
- 3Statement 2 and 3 only
- 4All statements are correct
Correct answer
Statement 1 and 2 only
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