tag:blogger.com,1999:blog-19649274.post1214592385598635785..comments2024-03-27T17:16:12.789+05:30Comments on The Leap Blog: Crisis watch, 20 OctoberAjay Shahhttp://www.blogger.com/profile/03835842741008200034noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-19649274.post-42803175863173538912008-10-20T13:43:00.000+05:302008-10-20T13:43:00.000+05:30I really had some difficulty in rationalizing the ...I really had some difficulty in rationalizing the SEBI Circular. Isn't it like the rating agency helping the regulator to issue it when it should have been actually trying to fix its own methodology to capture why the market is valuing its ratings in such a huge range ? Or is that, the agency is constrained from downgrading some of these papers ?<BR/><BR/>Secondly, does the regulator really need to guard against under valuation (+limits)? I feel conservatism can atleast have a free hand. If at all, chances of undervaluations to allow favoured entries or for interscheme transfer can be detected from inconsistencies in applying the discretionary markup, if you want to see.<BR/>Regards,<BR/>Anonymous1Anonymousnoreply@blogger.com