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    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?
    A Credit Rating Information Services of India Limited Correct Answer Incorrect Answer
    B Credit Analysis and Research limited Correct Answer Incorrect Answer
    C Brickwork Ratings Correct Answer Incorrect Answer
    D India Rating and Research Pvt. Ltd. Correct Answer Incorrect Answer
    E Acuite Ratings & Research Limited Correct Answer Incorrect Answer

    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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