NEW DELHI: Brickwork Ratings on Friday said it is considering appropriate legal recourse, a day after the market regulator Sebi cancelled the registration of the credit rating agency and directed it to wind down operations in six months.
In its order, Sebi highlighted several violations by Brickwork, including that it failed to follow a proper rating process and exercise due diligence while providing ratings. On Friday, the rating agency expressed disappointment at Sebi's ruling.
