Question

In case investments of grade are not available to meet the requirements, what rating is considered for All India Financial Institutions, as per Regulation 9?

a.

AA

b.

A+

c.

BBB

d.

P1

Answer: (b).A+ Explanation:In such cases, Regulation 9 states that the Investment Committee may approve investments in instruments carrying a current rating of not less than 'A+' or equivalent as rated by a credit rating agency registered under SEBI (Credit Rating Agencies) Regulations 1999.

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Q. In case investments of grade are not available to meet the requirements, what rating is considered for All India Financial Institutions, as per Regulation 9?

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