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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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