The RBI’s new ODR-based framework seeks to strengthen credit risk assessment by linking regulatory capital requirements to the historical performance of rating agencies. In an article published by BW Legal World, our Partner Pururaj Bhar notes that while the framework could promote greater rating discipline and accuracy, refinements may be needed to ensure that smaller rating agencies are not unfairly disadvantaged and to avoid increased dependence on a limited number of agencies. (Photo Credit: BW Legal World)
