The central bank’s direction to credit rating agencies (CRAs) in April was followed by clarifications in July that CRAs are not permitted to rely on support structures like letters of credit (LoC), letter of support, obligor-co-obligor structure, etc, for deriving rating comfort while assigning CE ratings.
Global bond yields surge to multi-year highs as inflation, borrowing concerns mount
Government bond yields globally rose to multi-decade highs recently due to sell-offs in sovereign debt. Investors demanded higher returns amid persistent inflation and uncertainty regarding
November 13, 2026