The notification permits all Scheduled Commercial Banks (excluding Local Area Banks, Payments Banks, and Regional Rural Banks) to utilize ratings from M/s CareEdge Global IFSC Limited for risk weighting their claims on non-resident corporates originating at International Financial Services Centres (IFSC). Previously, banks were allowed to use ratings from only three international credit rating agencies i.e. Fitch, Moody’s, and Standard & Poor’s. It has also provided a specific rating-risk weight mapping for CareEdge Global IFSC Limited: AAA (20% risk weight), AA (30%), A (50%), BBB (100%), and BB & below (150%).