Lenders that have sold loans to ARCs against SRs fear that the rating companies that will take on the Brickwork business may lower ratings on some SRs. This, in effect, would require lenders to make higher provisions. Sebi said Brickwork neither followed procedure nor did it exercise due diligence. Brickwork Ratings is considering legal recourse against Sebi’s directive.from Stocks-Markets-Economic Times
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