ACER

Our Rating Process

Transparent, structured, and compliant with SEBI regulations.

How We Assign Ratings

ACER follows a rigorous, multi-stage evaluation to ensure ratings are unbiased, data-driven, and transparent.

Step-by-Step Process

Rating Request

Rating Request

  • Rating request made to ACER.
  • Application form signed and fees paid.

Data Collection & Analysis

  • Issuer submits audited financials, projections, business data.
  • Our analysts verify and benchmark this information against industry and macroeconomic data.
Data Collection & Analysis
Management Interaction

Management Interaction

  • Analyst team engages with the issuer’s management for detailed discussions on business model, governance, and future outlook.

Internal Committee Review

  • Findings are presented to an independent Rating Committee.
  • Committee evaluates risks, strengths, liquidity, and industry position before assigning a provisional rating.
Internal Committee Review
Communication of Rating

Communication of Rating

  • Rating decision is communicated to the issuer confidentially first.
  • Issuer has the opportunity to accept or appeal before public release.

Publication

  • Final rating is published on ACER’s website and reported to SEBI as per regulatory norms.
  • Deliverables: Public Rating Report (PDF rationale, disclosures).
Publication
Surveillance & Monitoring

Surveillance & Monitoring

  • Ratings are continuously monitored.
  • Periodic reviews (typically every 6–12 months) and event-based reviews (in case of material changes) are conducted.

Appeal & Review Mechanism

Appeal Window

  • Issuers may request a review if they disagree with the rating assigned.
  • Timeline: Within 30 days of receiving the rating communication.

Review Process

  • A separate Rating Committee (different members from the first committee) is constituted.
  • Fresh evidence, clarifications, and data can be presented by the issuer.
  • Final outcome is binding and published in line with SEBI regulations.

Contact for Appeals

Disclaimers

Ratings are opinions on credit quality and not recommendations to buy, sell, or hold securities.

All ratings are subject to review, surveillance, and may be revised, upgraded, or withdrawn as per SEBI guidelines.