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Question

The credit rating should have been reviewed at least once in how many months, for it to be valid for risk weighting purposes under Basel Ill?

A 6 months Correct Answer Incorrect Answer
B 9 months Correct Answer Incorrect Answer
C 12 months Correct Answer Incorrect Answer
D 15 months Correct Answer Incorrect Answer
E 18 months Correct Answer Incorrect Answer

Solution

To be eligible for risk weighting purposes under Basel Ill, the rating from a credit rating agency approved by RBI, should be in force and confirmed from the monthly bulletin of the concerned rating agency. The rating agency should have reviewed the rating at least once during the previous months 15 months.

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