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It has been decided to link the risk weights, assigned by SPDs to their investments in corporate bonds, to the rating of the bonds as under:
A. Short term instruments
(bonds ≤ 1 year maturity)
|
CARE
|
CRISIL
|
INDIA
RATING
|
ICRA
|
BRICKWORK
|
SMERA
|
RISK
WT
|
|
CARE
A1+
|
CRISIL A1+
|
IND A1+
|
ICRA A1+
|
Brickwork A1+
|
SMERA A1+
|
20
|
|
CARE A1
|
CRISIL A1
|
IND A1
|
ICRA A1
|
Brickwork A1
|
SMERA A1
|
30
|
|
CARE A2
|
CRISIL A2
|
IND A2
|
ICRA A2
|
Brickwork A2
|
SMERA A2
|
50
|
|
CARE A3
|
CRISIL A3
|
IND A3
|
ICRA A3
|
Brickwork A3
|
SMERA A3
|
100
|
|
CARE A4&D
|
CRISIL A4&D
|
IND A4&D
|
ICRA A4&D
|
Brickwork A4&D
|
SMERA A4&D
|
150
|
|
Unrated
|
Unrated
|
Unrated
|
Unrated
|
Unrated
|
Unrated
|
100
|
B. Long term
instruments (bonds > 1 year maturity)
|
Rating
|
AAA
|
AA
|
A
|
BBB
|
≤ BB
|
Unrated
|
|
Risk
Weight
|
20
|
30
|
50
|
100
|
150
|
100
|
The above shall
be applicable with immediate effect.
Based on the RBI notification dated
28/04/2016. Please refer www.rbi.org.in in case
of any further clarification………….. Poppy
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