SEBI ne ab debt securities ke liye 6-tier 'Credit Risk-o-Meter' compulsory kar diya hai. Ab investors visual signals se default risk samajh sakenge. Issuers ko ye system **45 days** ke andar apply karna hoga.
Ab Risk ko pehchanna hoga asaan
SEBI ne October 7, 2026 ko ek naya circular nikala hai. Ab tak toh hum sirf alphanumeric ratings dekhte the, lekin ab market mein 'Credit Risk-o-Meter' aayega. Ye traffic-light system ki tarah kaam karega. Green ka matlab hai low risk (like AAA rating), aur jaise-jaise risk badhega, color Yellow, Brown, aur Orange hote hue Red tak jayega (B, C, ya D ratings ke liye).
Kya hai naya mandate?
- Conservative Approach: Agar kisi instrument ki multiple ratings hain, toh meter mein sabse low rating dikhani padegi.
- Red Flag: Saare unsecured debt instruments par 'Unsecured' word bold red mein likha hona chahiye.
- Deadline: Issuers aur online bond platform providers ko sirf 45 days ka time diya gaya hai.
- Non-Cooperation: Agar koi issuer rating agency ke saath cooperate nahi kar raha, toh meter par arrow ke saath uska zikr karna hoga.
Investors ke liye zaroori warning
Ek baat saaf samajh lijiye, ye meter sirf Credit Risk (default ka khatra) batata hai. Ye interest rate badalne, market volatility, ya liquidity problems ko track nahi karega. Khas taur par AT1 Bonds jaise complex products mein, ye meter structural risks ko cover nahi karta. Isliye, sirf meter dekh kar invest mat karna, apna homework khud zaroor karte rehna!