Question
Securities and Exchange Board of India canceled the
recognition certificate granted to which one of the seven registered credit rating agencies (CRAs) in the country?Solution
The Securities and Exchange Board of India (SEBI) canceled the recognition certificate granted to Brickwork Ratings India, one of the seven registered credit rating agencies (CRAs) in the country, for repeated lapses and irregularities in discharging its duties.The market regulator has directed Brickwork to slow down its operations within six months & during this period, Brickwork cannot onboard any new clients or take fresh mandates. Learn Along: SEBI Headquarters: Mumbai Chairman: Madhabi Puri Buch A credit rating agency is a company that reviews the creditworthiness of an entity that is in the process of or has already issued debt. The resulting credit ratings are used by investors to evaluate whether they should invest in debt securities. Brickwork Ratings Headquarters: Bengaluru                               Chairman: Vivek Kulkarni
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