2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SEBI
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RBI
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NABARD
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NITI Aayog
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Detailed explanation-1: -Security Exchange Board of India (SEBI) has introduced a new framework for “expected loss-based rating scale”.
Detailed explanation-2: -SEBI | Introduction of Expected Loss (EL) based Rating Scale and Standardisation of Rating Scales Used by Credit Rating Agencies.
Detailed explanation-3: -Notes: As per the recent framework introduced by SEBI, Credit rating agencies will now be required to provide expected loss-based ratings for projects and instruments associated with the infrastructure sector.
Detailed explanation-4: -In India, CRAs are regulated by the Securities Exchange Board of India. It was one of the first regulators globally to bring about a comprehensive framework for regulating these agencies through SEBI (Credit Rating Agencies) Regulations 1999.
Detailed explanation-5: -A credit rating is a quantified assessment of the creditworthiness of a borrower in general terms or with respect to a financial obligation. Credit ratings determine whether a borrower is approved for credit as well as the interest rate at which it will be repaid.