Is credit rating mandatory for the issue of debentures?

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Yes, credit rating is mandatory for the public issue of debentures.

A company is required to obtain the credit rating for the NCD it intends to issue. Without a credit rating, a company cannot issue NCDs. The companies are required to put the credit rating in the offer documents that indicate the degree of safety and risk the NCD carries.

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Topic: NCD Credit Rating Feedback

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