Expected Loss based Rating Scale permitted for municipal bonds financing infrastructure to be used alongside standard rating scales. SEBI permits Credit Rating Agencies to use an Expected Loss (EL) based Rating Scale, in addition to standardized rating scales and Probability of Default ratings, for rating Municipal Bonds issued to finance infrastructure assets; this directive is effective immediately and issued under Section 11(1) of the SEBI Act read with Regulation 20 of the CRA Regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Expected Loss based Rating Scale permitted for municipal bonds financing infrastructure to be used alongside standard rating scales.
SEBI permits Credit Rating Agencies to use an Expected Loss (EL) based Rating Scale, in addition to standardized rating scales and Probability of Default ratings, for rating Municipal Bonds issued to finance infrastructure assets; this directive is effective immediately and issued under Section 11(1) of the SEBI Act read with Regulation 20 of the CRA Regulations.
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