Regulations > Regulations under Section 109(1)(bA) of the Act > Annexures > Annexure B - National Rating Scales of Ratings Agencies

ANNEXURE B

(Regulation 6(4))

NATIONAL RATING SCALES OF RATINGS AGENCIES

Note:

1.	The above table refers to the domestic or national rating scales.

2.	In the instance of an instrument, entity or concern being assigned a rating by two or more rating agencies, the lowest rating applies.

3.	Where the short-term rating of an instrument or issuer spans more than one rating band, reference must be made to the long-term issuer rating to determine the applicable rating band for inclusion limit purpose.

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