INDIA: NSE Clearing Ltd Rated CCR AAA/Stable

Wednesday December 29 2021

On 28^th December 2021, National Stock Exchange Clearing Limited (NSE Clearing), subsidiary of NSE has received reaffirmation of its corporate credit rating of CCR AAA/Stable rating indicates the highest degree of strength with regards to honoring debt obligations.

Credit Rating Information Services of India Limited (CRISIL) has stated that the systems are regularly upgraded to pre-empt market failures. CRISIL has reaffirmed the outlook for NSE Clearing as “Stable” and states that, “NSE Clearing will continue to have a strong market position due to its association with NSE and maintain comprehensive risk management systems and adequate core SGF commensurate with the clearing volumes, over the medium term.” On an ongoing basis, NSE Clearing continues to address the risks in clearing and settlement with its stringent norms for selection of members, robust margining system, and risk-based position limits and surveilance mechanism.

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