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<br />
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<br />
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Securities Board of Nepal (SEBON) has said that the Credit Rating Regulations would be implemented within early May. Dr Surbir Paudyal, the Chairman of SEBON, informed during a discussion programme held on April 5 that the regulation is expected to be approved by then incorporating suggestions received from the private sector.
Â
Establishment of the credit rating agency would to bring a discipline in the country’s capital and money markets by providing the investors a fair idea about the risk involved in investing in the company or the investment instrument concerned. However, the participants at the interaction suggested SEBON to arrange for avoiding bias in the ratings.
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The proposed regulations have provisions that make it mandatory to have a credit rating of all the public issues of sizes exceeding Rs 100 million.
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However, Basudev Adhikari, a Director of Nepal Rastra Bank suggested to lower this threshold to somewhere like Rs. 30 million as many issues in Nepal are lower than Rs. 100 million. “When the regional level development banks issue shares to the public, the issue size is less than Rs 100 million,†he said and asked for arranging that even such issues get rated.
Two companies have already applied to the board for license to operate as rating agency.
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<span style="">S</span><span style="font-size: 9.5pt;">ecurities Board of Nepal (SEBON) has said that the Credit Rating Regulations would be implemented within early May. Dr Surbir Paudyal, the Chairman of SEBON, informed during a discussion programme held on April 5 that the regulation is expected to be approved by then incorporating suggestions received from the private sector.</span></div>
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<span style="font-size: 9.5pt;">Establishment of the credit rating agency would to bring a discipline in the country’s capital and money markets by providing the investors a fair idea about the risk involved in investing in the company or the investment instrument concerned. However, the participants at the interaction suggested SEBON to arrange for avoiding bias in the ratings. </span></div>
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<span style="font-size: 9.5pt;">The proposed regulations have provisions that make it mandatory to have a credit rating of all the public issues of sizes exceeding Rs 100 million. </span></div>
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<span style="font-size: 9.5pt;">However, Basudev Adhikari, a Director of Nepal Rastra Bank suggested to lower this threshold to somewhere like Rs. 30 million as many issues in Nepal are lower than Rs. 100 million. “When the regional level development banks issue shares to the public, the issue size is less than Rs 100 million,†he said and asked for arranging that even such issues get rated.<br />
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<span style="font-size: 9.5pt;">Establishment of the credit rating agency would to bring a discipline in the country’s capital and money markets by providing the investors a fair idea about the risk involved in investing in the company or the investment instrument concerned. However, the participants at the interaction suggested SEBON to arrange for avoiding bias in the ratings. </span></div>
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<br />
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