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    Question

    What is the minimum credit rating required for the

    issuance of Commercial Paper (CPs) and Non-Convertible Debentures (NCDs) as per the Master Direction of Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions, 2024?
    A A1 Correct Answer Incorrect Answer
    B A2 Correct Answer Incorrect Answer
    C A3 Correct Answer Incorrect Answer
    D A4 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The minimum credit rating required for the issuance of Commercial Paper (CPs) and Non-Convertible Debentures (NCDs) as per the Master Direction of Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions, 2024 is 'A3' as per the rating symbol and definition prescribed by SEBI.

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