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?

A A1 Correct Answer Incorrect Answer
B A2 Correct Answer Incorrect Answer
C A3 Correct Answer Incorrect Answer
D A4 Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

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.

Practice Next
×
×