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?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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