ABC Ltd. wanted to issue commercial papers (CPs) worth ₹100 crore during March, 2014. For this, it obtained rating from three rating agencies and in the month of February, 2014, all the rating agencies gave A2 rating. Bu

ABC Ltd. wanted to issue commercial papers (CPs) worth ₹100 crore during March, 2014. For this, it obtained rating from three rating agencies and in the month of February, 2014, all the rating agencies gave A2 rating. But on 4th March, 2014, one of the agencies revised its rating to A3 before the issue of CPs. As a Company Secretary, advise whether the company can issue CPs to raise money for a short period.