The era of confusing rating symbols by different rating agencies like CRISIL, ICRA, CARE etc. are now passe. SEBI has mandated that all rating symbols used by different rating agencies should be uniform. This covers long term and short term debt products, structured finance instruments and mutual fund schemes.
This is good news for investors because we don't need to find out how FAAA is different from CAAA+ and so on.
For existing outstanding schemes, the rating agencies need to disclose the new rating symbols and their meanings in their websites, and inform their clients about the change implying no change in their ratings.
This is good news for investors because we don't need to find out how FAAA is different from CAAA+ and so on.
For existing outstanding schemes, the rating agencies need to disclose the new rating symbols and their meanings in their websites, and inform their clients about the change implying no change in their ratings.
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