Question
Credit Rating Agencies are regulated by which ministry/ department/ agency?
Answer: Option C
Answer: (c)
Credit Rating Agencies (CRAs) are regulated by SEBI.
In light of the COVID-19 crisis, SEBI directed CRAs that, if the default by the companies (which are listed on the exchange and which has been provided Credit Rating by any of the CRAs) is solely due to COVID-19 LOCKDOWN then the CRAs should not recognize it as a DEFAULT and should not degrade their rating.
The definition of NPA is given by RBI for financial institutions regulated by RBI like banks and NBFCs. But some (financial institutions) like Mutual Funds, Exchange Traded Funds (ETFs), are also regulated by SEBI for which NPA definition has been given by SEBI.
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Answer: (c)
Credit Rating Agencies (CRAs) are regulated by SEBI.
In light of the COVID-19 crisis, SEBI directed CRAs that, if the default by the companies (which are listed on the exchange and which has been provided Credit Rating by any of the CRAs) is solely due to COVID-19 LOCKDOWN then the CRAs should not recognize it as a DEFAULT and should not degrade their rating.
The definition of NPA is given by RBI for financial institutions regulated by RBI like banks and NBFCs. But some (financial institutions) like Mutual Funds, Exchange Traded Funds (ETFs), are also regulated by SEBI for which NPA definition has been given by SEBI.
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