Brickwork’s ratings lack transparency, riddled with inaccuracies: Sebi

Brickwork’s ratings lack transparency, riddled with inaccuracies: Sebi

The Securities and Exchange Board of India’s (Sebi) decision on Thursday to wind down credit rating agency (CRA) Brickwork, is thanks to the firm’s serious violations of its regulatory framework for CRAs, according to the regulator’s official order. Such violations include a failure to document meetings with the management, lack of independent analysis of [...]