Archive
Review Committee
Appeals in respect of IG cases would be handled by Rating Review Committee (RRC) while the NIG cases would be handled by External Rating Committee (ERC).
Process
Minimum Eligibility Criteria for Review of Cases
*Policy on Appeal by Issuer/Borrowers (Version III) is approved in the BM dated 01st February 2022.
Last Updated: February 2022
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Policy for Appeal by issuers/borrowers (2nd 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/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.
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.
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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 request for review of such rating/grading by placing new facts and figures, if any. Once the request for review is received, the senior level Rating Analyst(s)/Group Head, who is/are not involved in the initial rating/surveillance exercise, shall go through the papers to evaluate whether the request for review meets the review criteria as stated in the subsequent paragraphs. If the review criteria is met, then all the new facts are analysed by the concerned Analysts & the Rating Team. Thereafter, the review request shall be placed before the Review Committee of Infomerics. The decision of the Review Committee, as the case may be, on the review is communicated to the client immediately.
Review Criteria
Appeal Case Process