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Policy for Appeal by issuers/borrowers (1st Amendment)

Infomerics has the External Rating Committee (ERC) comprising independent eminent professional members. Rating Committee considers all the proposals for rating and grading coming through the Rating Team which includes senior employees of the company engaged in rating function, except proposals for rating decided by the Internal Rating Committee (IRC) as per the policy of the company. Once the rating/grading is assigned by the ERC/IRC, the same is communicated to the client. Client has the right to appeal against such rating/grading by placing new facts and figures, if any. Once the request for review is received, all the new facts are analysed by the Analysts & the Rating Team and thereafter the same is placed before the IRC. If the IRC feels that no change in rating/grading is necessary, the review proposal is disposed of by the IRC even if the initial rating/grading decision is made by ERC. Otherwise the review proposal is placed before ERC. The decision of the ERC or IRC, as the case may be, on the review is communicated to the client immediately. The review process is generally completed within a period of 30 days in case of new rating/grading proposal and in 20 days in case of surveillance.

Policy for Appeal by issuers   - (Originally) 

Infomerics has the External Rating Committee comprising independent eminent professional members. Rating Committee considers all the proposals for rating coming through the Rating Team which includes senior employees of the Company engaged in rating function. Once the rating is assigned by the External Rating Committee,the same is communicated to the client. Client has the right to appeal against such rating by placing new facts and figures, if any. Once the request for review is received, all the new facts are analysed by the Analysts& the Rating Team and thereafter the same is placed before the External Rating Committee with recommendations of Rating Team. The decision of the External Rating Committee on the review is communicated to the client immediately. The review process is generally completed within a period of 30days in case of new ratings and in 20 days in case of existing rating.