In addition to the standardized rating scales and subsequent to discussions with various stakeholders, the SEBI has prescribed Expected Loss (EL) based Rating Scale to be used by CRAs for ratings of projects/ instruments associated with infrastructure sector to begin with. SEBI has prescribed Rating symbols E1 to E7 where instruments rated ‘E1’ are considered to have the lowest expected loss, over the life of the instrument and E7 rated to have highest expected loss.In addition to the standardized rating scales and subsequent to discussions with various stakeholders, the SEBI has prescribed Expected Loss (EL) based Rating Scale to be used by CRAs for ratings of projects/ instruments associated with infrastructure sector to begin with. SEBI has prescribed Rating symbols E1 to E7 where instruments rated ‘E1’ are considered to have the lowest expected loss, over the life of the instrument and E7 rated to have highest expected loss.taxmann.com Latest Statutory HappeningsRead More
