Basel III Capital Regulations – External Credit Assessment Institutions (ECAIs) – CareEdge Global IFSC Limited

Date: Jul 10, 2025.

Basel III Capital Regulations – External Credit Assessment Institutions (ECAIs) – CareEdge Global IFSC Limited

Please refer to Paragraph 6 of the Master Circular – Basel III Capital Regulations dated April 01, 2025, as amended from time to time.

2. In terms of para ibid, inter alia, banks are permitted toa use the ratings of three international credit rating agencies viz. a) Fitch; b) Moody's; and c) Standard & Poor’s for the purpose of risk weighting their claims on different foreign entities for capital adequacy purposes.

3. It has been decided to permit banks to also use the ratings of M/s CareEdge Global IFSC Limited for risk weighting their claims on non-resident corporates originating at International Financial Services Centre (IFSC).

4. The rating-risk weight mapping for the ratings assigned by M/s CareEdge Global IFSC Limited shall be as follows:

Rating Category	AAA	AA	A	BBB	BB & Below
Risk Weight %	20	30	50	100	150