Sebi targets credit rating agencies

The Indian market regulator, the Securities and Exchange Board of India (Sebi), has issued a set of guidelines that will make credit rating agencies more accountable to the users of ratings and shed light on how they rate companies.

The rating agencies have been asked to disclose their methodologies, fees charged from the companies they rate, conflicts of interest between the rating analysts and the companies rated by them, and the default rate of each agency.

Other requirements include more str

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