Blitz Bureau
NEW DELHI: NSE Clearing Limited, a subsidiary of the National Stock Exchange of India (NSE), has once again received the highest credit rating – 17 the year in a row – from the global brokerage. It reflects the NSE Clearing’s strong financial position and its ability to meet debt obligations without any difficulty.
Crisil reaffirmed the rating based on NSE Clearing’s strategic importance to the NSE, highlighting the strong support it receives from its parent company. The rating agency also recognised the company’s solid capital position and comprehensive risk management systems, which play a crucial role in maintaining market stability.
NSE Clearing Limited, previously known as the National Securities Clearing Corporation Limited (NSCCL), is responsible for clearing and settling transactions on the exchange. According to Crisil, NSE Clearing has a well-developed risk management system that is regularly upgraded to prevent any potential market failures. The agency expects that NSE Clearing will continue to hold a strong position in the market, supported by its association with the stock exchange. The rating outlook remains ‘Stable’
