Question
Eligible participants/issuers for Commercial Paper shall
obtain credit rating for issuance of CP from any one of the SEBI registered CRAs. The minimum credit rating shall be----------- as prescribed by SEBI.Solution
Eligible participants/issuers shall obtain credit rating for issuance of CP from any one of the SEBI registered CRAs. The minimum credit rating shall be ‘A3’ as per rating symbol and definition prescribed by SEBI. The issuers shall ensure at the time of issuance of the CP that the rating so obtained is current and has not fallen due for review.
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