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      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.

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