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?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.
Statement: C < X ≤ B > E < L < I
Conclusion: I. X > LÂ Â Â Â Â Â Â Â Â Â II. B > C
Statements:Â Â Â Â Â Â M # N # O $ P & Q % R % S
Conclusions :Â Â Â Â Â I. Q @ SÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â ...
Statement: A≤T<B =C ≤P<D;D>J ≥S
I. C >S
II. J < D
Statements: O ≥ M > F, K ≤ J ≤ D = F, B ≤ Z ≤ L = K
Conclusion:
I. M > L
II. D ≥ B
Statements: G > H = M; N < R = H; S > R
Conclusions:
I. S > M
II. G < S
III. N > G
Statements:
E ≤ A > J ≥ L; Y > J < D
Conclusions:
I. D > L
II. A > L
Statements: E & F, H # I, G $ F, E % D, G @ H
Conclusions:Â Â Â I . D $ FÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. F @ IÂ Â Â Â Â Â Â Â Â Â Â Â ...
Statements: M > Q ≥ U = O, S = U < R ≤ T
Conclusions :I. M < R  II. T > O   III. Q ≥ T
Statements: Q $ W, W % E, E @ K
Conclusions: a) Q $ K Â Â Â Â b) W @ K
Statements: R ≥ S > T; U < V ≤ T; V > W
Conclusions:
I. R > V
II. W < S
 III. T > W