NSE clearing Ltd rated ‘CCR AAA/Stable’ for thirteenth consecutive year

Mumbai, Jan 4 (FN Bureau) NSE Clearing Limited on Monday said that it has received reaffirmation of its corporate credit rating of ‘CCR AAA/Stable’ from CRISIL. ‘CCR AAA/Stable’ rating indicates the highest degree of strength with regards to honouring debt obligations. NSE Clearing is a wholly owned subsidiary of NSE. As per CRISIL, the rating reflects strong operational and financial linkages with its parent, the National Stock Exchange of India Ltd (NSE), and comprehensive risk management systems.

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 stated that it 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, risk-based position limits and surveillance mechanism.