According to the Sebi circular, rating companies will now create a uniform probability of default benchmark for each rating category on their website, for one-year, two-year and three-year cumulative default rates, both for the short term and long term.
Rating agencies also have to disclose factors that could potentially impact the rating of the instruments and it also include an assessment of financials.
Source: Live Mint
Static/Current Takeaways Important For LIC AAO/ADO Mains 2019:
- SEBI Headquarter: Mumbai, Chairperson: Ajay Tyagi