SEBI Relaxation from Default Recognition due to COVID-19 Pandemic

SEBI had, by its Circular dated March 30, 2020, permitted credit rating agencies (‘CRAs’) to not consider a default as such if the delay in payment of interest / principal has arisen solely due to COVID-19 pandemic related stress. Now, SEBI has, by its Circular dated August 31, 2020, extended this temporary relaxation till December 31, 2020.

Published In:Inter Alia - Quarterly Edition - September 2020 [ English
Date: September 30, 2020