Write short notes on the following: Credit rating.

Credit Rating As per Rule 3(8) of the Companies (Acceptance of Deposits) Rules 2014, credit rating is mandatory when a company wants to accept deposits from the public. Such a company has to obtain at least once a year, credit rating for the deposits accepted by it. A copy of the rating shall be sent to the Registrar of Companies along with the return of deposits in form DPT-3. Such credit rating shall not be below the minimum investment grade rating or other specified credit rating for fixed deposits, from any one of the approved credit rating agencies as specified for Non-Banking Financial Companies in the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions 1998 issued by the Reserve Bank of India. Credit rating is also required when a listed company wants to issue securitized debt instruments as per Regulation 84 of SEBI (LODR) Regulations 2015. Such rating shall be periodically reviewed, preferably once a year, by a credit rating agency registered by SEBI. Any revision in ratings shall be disseminated by the stock exchanges.