5.1.3.1 Qualifying Grade for a Security/Issue
Security is deemed to be qualifying for the context of LMR (Qualifying ECAI Issue-specific rating is Yes) if it satisfies the criteria in the following table.
Table 4-4 Criteria for Qualifying Grade for a Security/Issue
Issuer Domicile | Standard Party Type (Issuer OR Guarantor) | Credit Quality Grade Instrument (Processing) | Qualifying ECAI Issue Specific Rating |
---|---|---|---|
Other than India | 1 | Yes | |
2 | Yes | ||
1s | Yes | ||
2s | Yes | ||
India | Other than Corporates | 1 | Yes |
2 | Yes | ||
1s | Yes | ||
2s | Yes | ||
India | Corporates | 1 | Yes |
2 | Yes | ||
3 | Yes | ||
1s | Yes | ||
2s | Yes | ||
3s | Yes |