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The meter will translate Sebi's existing credit rating framework into six colour-coded risk categories, ranging from "lowest credit risk" for AAA-rated securities to "high to very high risk of default" for securities rated B+ to D. The categories in between include very low, low, moderate credit risk and moderate risk of default. Read more: RBI MPC rate hike: Experts decode what the policy decision means for mutual fund investors The new disclosure mechanism would have to be included in offer documents, abridged prospectus, private placement memorandums, advertisements and the web and mobile channels of online bond platform providers (OBPPs). The capital-markets regulator said the framework would apply to all listed and proposed to be listed non-convertible securities, commercial papers, securitised debt instruments, security receipts and structured debt or market linked debentures, irrespective of whether they are issued through a public issue or private placement. Issuers and OBPPs would also have to disclose the name of the credit rating agency and the actual rating below the meter. For unsecured debt instruments, the word "unsecured" must be displayed in bold red text. Where a security carries ratings from multiple agencies, the meter will reflect the lowest rating. Read more: Adani Enterprises gets rating upgrade from CARE Ratings to AA; Stable; shares up 21% in 2026 For securities where the rating agency has classified the issuer as "Issuer Not Cooperating", the meter would specifically indicate the status. Sebi has also prescribed separate disclosures for short-term debt instruments. Sebi has also asked issuers to incorporate a disclaimer in the offer document stating that the credit risk-o-meter is based on an evaluation of the credit risk of the issuer and does not constitute investment advice. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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