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RBI tightens disclosure norms for rating firms

Banks will have to treat such credit facilities unrated and assign applicable risk weights, the Reserve Bank of India said. To put it simply, if a borrower avails credit facilities from three banks -- A, B and C and the external rating firm does not make such disclosure, none of the banks can reckon the said rating, and therefore has to follow higher risk weights norms -- 100% or 150% as applicable.

from Stocks-Markets-Economic Times
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