Question

    What is the minimum credit rating required for the issuance of Commercial Papers (CPs) and Non-Convertible Debentures (NCDs), as per the revised RBI guidelines?

    A A1 Correct Answer Incorrect Answer
    B B+ Correct Answer Incorrect Answer
    C BBB Correct Answer Incorrect Answer
    D A3 Correct Answer Incorrect Answer
    E BB- Correct Answer Incorrect Answer

    Solution

    The minimum credit rating required, as per the Master Direction on CPs and NCDs, is 'A3', in accordance with SEBI’s rating symbol and definition.

    Practice Next