Department of Economic Affairs organises workshop on Expected Loss based Credit Rating Mechanism

New Delhi: The Department of Economic Affairs (DEA) under the Ministry of Finance in collaboration with the Asian Development Bank (ADB) successfully organised a workshop in New Delhi on June 5 to discuss the Expected Loss-based Credit Rating Mechanism, said the Ministry of Finance in a tweet. Attended by approximately 120 representatives from various sectors including banks, regulators, project developers, industrial associations, financial institutions, and institutional investors, the workshop aimed to discuss innovative credit rating approaches, it added.

Participants discussed topics related to expected loss-based credit rating

The tweet also said that experts from renowned credit rating agencies, the Reserve Bank of India (RBI), banks, industry associations, and financial institutions were present at the workshop. The participants engaged in insightful deliberations on a wide range of topics pertaining to the Expected Loss-based credit rating mechanism and its potential impact on infrastructure projects.

The workshop provided a valuable platform for key stakeholders to exchange ideas, share expertise, and explore the implications of adopting the Expected Loss-based credit rating mechanism in the Indian financial landscape. The event highlighted the government's commitment to fostering a robust credit rating framework that aligns with international best practices and promotes the development of the infrastructure sector.

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