NSE Clearing retains Crisil’s Highest Credit Rating For 17th year

Mumbai: NSE Clearing Ltd, a subsidiary of the National Stock Exchange of India (NSE), on Monday said it has once again received the highest credit rating of ‘CRISIL AAA/Stable’ from the global brokerage -- 17the year in a row.

This rating reflects 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.