5.1.3.2 Qualifying Grade for an Issuer or Guarantor

An issuer or guarantor is deemed to be qualifying for the context of LMR (Qualifying ECAI Issuer rating is Yes) if it satisfies the criteria in the following table.

Table 4-5 Criteria for Qualifying Grade for an Issuer or Guarantor

Issuer Domicile	Standard Party Type (Issuer OR Guarantor)	Credit Quality Grade Issuer/ Guarantor (Processing)	Qualifying ECAI Issuer Rating
Other than India		1	Yes
		2	Yes
India	Other than Corporates	1	Yes
		2	Yes
India	Corporates	1	Yes
		2	Yes
		3	Yes