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Downgrading of credit rating by taking into account relevant rating rationales wasn't perverse or arbitrary : HC

October 12, 2020[2020] 120 68 (Delhi)

COMPANY LAW/SEBI : Where initial rating by Credit Rating is not accepted by party, same will not be published however, once an initial credit rating is accepted and published based whereon a party seeks financial facility, during pendency of said financial facility, Credit Rating Agency is mandated to conduct periodic surveillance and even if subsequent rating opined by Credit Rating Agency during period of surveillance is not accepted by party, same will still be disseminated by press release on website of Credit Rating Agency as also intimated to stock Exchange/Debenture Trustees

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