RP Rating (RESOLUTION PLAN)
Proposals for restructuring that involve changes in ownership, particularly for accounts with a combined lender exposure of ₹ 1 billion or more, will necessitate an independent credit evaluation (ICE) of the remaining debt. These evaluations will be conducted by credit rating agencies (CRAs) specifically authorized by the Reserve Bank for this purpose.
For accounts with a total exposure of ₹ 5 billion and higher, two ICEs will be required, while others will need only one ICE. Implementation consideration will be granted exclusively to restructuring proposals that receive a credit opinion of RP4 or better for the remaining debt from either one or both of the CRAs, as applicable.
RP1 to RP7 represents the rating scale.