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    Question

    Recently (September 2022) SEBI cancelled certificate of registration of which of the followings Credit Rating Agency?

    A CARE Ratings Correct Answer Incorrect Answer
    B ICRA Correct Answer Incorrect Answer
    C FITCH Correct Answer Incorrect Answer
    D Brickwork Ratings Correct Answer Incorrect Answer
    E India Ratings Correct Answer Incorrect Answer

    Solution

    The Securities and Exchange Board of India (Sebi) cancelled 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 Sebi directed Brickwork to wind down its operations within six months and intimate its clients about the same. During this period, Brickwork cannot onboard any new clients or take fresh mandates.

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